BAE Systems North America today completed its acquisition of Honolulu-based STI Government Systems following receipt of regulatory approval. The $27 million cash transaction complements BAE Systems technology in photonics, information technologies and systems integration.
“STI Government Systems is a superb strategic fit with BAE Systems. Their core competencies - particularly advanced hyperspectral imaging and sensor fusion - enhance our ability to provide our customers with more innovative solutions to meet demanding defense and security requirements,” said Jeffrey Markel, president, BAE Systems Communication, Navigation, Identification, and Reconnaissance (CNIR).
STI Government Systems employs 125 people.
The 12-year-old business unit will be called BAE Systems Spectral Solutions and operate within the company’s CNIR business unit. CNIR is headquartered in Wayne, New Jersey.
“The acquisition of STI Government Systems particularly complements our current technology of reconnaissance products while allowing BAE Systems to further expand capabilities in the area of situational awareness,” added Markel.
BAE Systems has major operations across five continents and customers in some 130 countries. The company employs more than 90,000 people and generates annual sales of more than £12 billion through its wholly owned and joint-venture operations.
BAE Systems North America is a high-technology U.S. company employing more than 25,000 people who live and work in some 30 states, the District of Columbia, and the United Kingdom. The company is dedicated to solving its customers’ needs with highly innovative and leading edge solutions across the defense electronics, systems, information technology, and services arenas.
BAE Completes Acquisition of STI Government Systems