Goodrich To Acquire Atlantic Inertial

Goodrich Corp. in November signed an agreement with an investment affiliate of J.F. Lehman & Co. to acquire guidance and navigation system supplier Atlantic Inertial Systems (AIS) for $375 million. The transaction is expected to close by the end of the year.

AIS was created following its divestiture from BAE Systems to J.F. Lehman & Co., in August 2007. It employs 800 people at facilities in Cheshire, Conn; Heath, Ohio; Totowa, N.J., and Plymouth, UK. Sales this year are expected to be $180 million.

The company’s products include inertial sensors, inertial measurement units (IMUs), integrated IMU/GPS systems, stability systems, and terrain avoidance systems for missiles, military aircraft and land systems. AIS will become part of Goodrich’s Sensors and Integrated Systems business, within its Electronic Systems segment.