CHARLOTTE, N.C. (AP) -- Aerospace supplier Goodrich Corp. said Tuesday it is buying AIS Global Holdings LLC, which makes navigation systems, from a private equity group for about $375 million.
The deal is anticipated to close by year end. After purchase accounting adjustments, the deal is expected to add slightly to Goodrich's 2010 earnings.
AIS, which is being sold by an affiliate of J.F. Lehman & Co., is expected to post 2009 sales of about $180 million. It employs 800 people, making inertial sensors that stabilize aircraft as well as guidance and navigation systems for military customers.
AIS will become part of Goodrich's Sensors and Integrated Systems business, within its Electronic Systems segment. AIS has facilities in Cheshire, Conn.; Heath, Ohio; Totowa, N.J.; and Plymouth in the U.K.
