BAE Completes Sale of Inertial Products Business

22 August 2007 (Last Updated August 22nd, 2007 06:02)

BAE Systems has completed the sale of its Inertial Products business to JF Lehman & Co. Inertial Products supplies military and commercial customers with inertial sensors and measurement units for the control, navigation and guidance of precision weapons systems, missiles, air and g

BAE Systems has completed the sale of its Inertial Products business to JF Lehman & Co.

Inertial Products supplies military and commercial customers with inertial sensors and measurement units for the control, navigation and guidance of precision weapons systems, missiles, air and ground vehicles and aerial targets.

The transaction also includes BAE's share of Silicon Sensing Systems, a joint venture with Sumitomo Precision Products.

Silicon Sensing Systems provides solid-state sensors to automotive and military customers.

BAE electronics and integrated solutions unit president Mike Heffron says the divesture is in line with BAE's strategy to expand as a developer and integrator of systems and de-emphasise its role as a components provider.

The $140m sale was first announced in April.