UTC Aerospace Systems announces it has acquired N2 Imaging Systems, LLC ("N2") of Irvine, California . The acquisition will complement the UTC Aerospace Systems' intelligence, surveillance and reconnaissance business and add new technology to the company's extensive portfolio of capabilities supporting the U.S. Military across the full spectrum of global strategic, operational and tactical operations. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).
UTC Aerospace Systems' commitment to the U.S. Army's Reconnaissance, Surveillance and Target Acquisition (RSTA) mission is enhanced by the acquisition, ensuring the company's capabilities continue to support the Army's strategic equipping plans.
"The addition of N2 reflects our unwavering dedication to rapidly developing the most advanced imaging technology at an attractive price to support the RSTA mission now and in the future," said John Trezza , Vice President and General Manager of UTC Aerospace Systems' Force Protection business. "Adding our experience in designing, developing and fielding sophisticated technology to the innovation of N2 will further support on-time execution of the Army's Enhanced Night Vision Goggle (ENVG) program."
UTC Aerospace Systems brings to the ENVG program an exceptional track record of delivering for the Army. Its AN/AVR-2B Laser Warning system, for example, is nearing 100 months of on-time, in-full delivery and the company was recognized by the Army procurement office as a Tier 1 Supplier in the FY15 Army Superior Supplier Incentive program.
N2 is well-known to its customers for leading-edge imaging technology and integration capabilities to deliver advanced optical systems for the military and commercial segments.
"As we ramp up into the next generation of imaging systems, customers will benefit from the combined technology expertise and execution of UTC Aerospace Systems and N2," said Dave Masarik , President, N2. "Bringing together the innovations in sensor technology of both companies opens up a wide array of opportunities for development of new, cost-effective man-portable imaging systems for military and commercial users."
The N2 business will join Sensors Unlimited of Princeton, New Jersey , and Cloud Cap Technology of Hood River, Oregon , as part of the Force Protection business, which provides camera cores and multi-spectral, fused imaging solutions for handheld, ground vehicle, rotary craft and unmanned aerial systems for military, civil and commercial applications.
"This acquisition underscores our commitment to our customers' mission needs. With the addition of N2, we continue to invest in future dual-use imaging technology, aligning with the Army's technology road maps, while taking advantage of our agile, commercial mindset and deep military program expertise to provide leading-edge imaging technology at the right price to our customers," said Trezza.
The N2 Imaging Systems business will continue to be based in Irvine, California .
UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base, with significant worldwide manufacturing and customer service facilities. Follow the company on Twitter: @utcaerosystems
United Technologies Corp., based in Farmington, Connecticut , provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit the website at www.utc.com or follow the company on Twitter: @UTC.
UTC Aerospace Systems provides innovative aerospace technologies and integrated systems that advance the performance, safety and efficiency of commercial aviation, global defense and space exploration.
Source: UTC Aerospace Systems
Date: Dec 2, 2015