Monday, January 3, 2011
Esterline to Acquire Eclipse Electronic Systems
Esterline Corp., based in Bellevue, Wash., on Monday announced a $120 million acquisition of Eclipse Electronic Systems, Richardson, Texas, a supplier of signals intelligence and communications intelligence receiver hardware to the airborne intelligence, surveillance and reconnaissance (ISR) market.
Eclipse Electronic's products incorporate open-architecture software/firmware configurable designs, and are deployed on a wide range of U.S. and foreign manned airborne platforms. Eclipse products also are deployed on such next generation unmanned platforms as the Northrop Grumman Global Hawk, and General Atomics Reaper and Predator.
Brad Lawrence, Esterline CEO, said Eclipse is a “…true technology leader with a significant presence on the majority of airborne SIGINT platforms.”
“Eclipse aligns well with our other communications businesses in secure on-board communications,” Lawrence said, adding a combination of continued organic growth and the potential for further acquisitions “…will enable Esterline to develop a broader position in this important and growing market.”