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Proposed acquisition of Signal Innovations Group

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We have entered into an agreement for the proposed bolt-on acquisition of Signal Innovations Group, Inc. (SIG), a provider of imaging technologies and analytics to the US intelligence and defence communities

President of BAE Systems Inc. Intelligence and Security, DeEtte Gray said: “Combining SIG’s technologies with our existing intelligence tools and analysis capabilities will enhance our customers’ ability to analyze tactical and strategic intelligence from around the globe.  Together, we also have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way.”

The proposed acquisition is conditional upon receiving certain regulatory approvals.  It is anticipated the proposed acquisition will be completed during the third quarter of 2014.