United Industrial Corporation
announced yesterday that its wholly-owned subsidiary
AAI Corporationcompleted the acquisition of
ESL Defence Limited(ESL), an electronic warfare (EW) systems company based in the
. The purchase price was approximately $10 million in cash.
Headquartered in
The simulators are used to assess the operational readiness of missile warning and countermeasures self-protection systems used on military aircraft. ESL's EO simulators are also used at military test, evaluation, and training ranges to evaluate the effectiveness of new self-protection systems and to train pilots for combat readiness.
In addition, ESL, which is expected to generate approximately $7 million in sales during the remainder of 2005, specialises in EW related research, study, and in-service support activity for
government agencies and prime contractors both in the
and in the
.
Engineering industry reacts to Reeves' budget
I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...