Tuesday, October 16, 2012
ARINC to Sell its Defense Systems Division to Booz Allen Hamilton
ARINC has entered into a definitive agreement to sell its Defense Systems Engineering & Support (DSES) division to Booz Allen Hamilton.
Booz Allen said it will pay about $154 million in cash to ARINC for the acquisition, with roughly 1,000 ARINC employees expected to make the transition to its company.
The sale is expected to close later this fall, with ARINC looking to expand on its mission-critical systems and solutions such as the e-Enabled Aircraft Solution.
“Going forward ARINC is strongly positioned to grow and excel. ARINC is number one in many of the commercial markets we serve through a continued focus on customer service, the quality of our solutions and innovation. We would like to thank all of our DSES employees for their significant contribution to ARINC’s success. The employees of our DSES business are joining a quality company with an established customer base that we believe will provide a great environment to continue maximizing their talents,” said John Belcher, chairman and CEO of ARINC.