Goodrich Adds Guidance System Maker For $375M

Law360, New York (November 17, 2009, 5:10 PM EST) -- Defense and aircraft contractor Goodrich Corp. announced Tuesday that it had acquired navigation equipment and sensor maker AIS Global Holdings LLC for $375 million in an all-cash deal.

Atlantic Inertial Systems, which is a unit of private equity firm J.F. Lehman & Co, makes guidance, stabilization and navigation products, including terrain avoidance systems, for military aircraft and missiles. Goodrich's acquisition of Atlantic Inertial is expected to close by the end of 2009.

“This acquisition provides the company with another high-growth platform in the defense market that...
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