Ohio-Based Group Buys BAE Systems Division
CINCINNATI (AP) -- A Cincinnati-based security and defense products company says it has completed the purchase of the commercial armored vehicle division of BAE Systems for about $10 million.
The CEO of the O'Gara Group Inc. and BAE Systems PLC said Monday that the O'Gara group completed the purchase of the West Chester-based BAE division. The business in the Cincinnati suburb will be renamed O'Gara-Hess & Eisenhardt Armoring Co. LLC
CEO Bill O'Gara says about 83 BAE employees were retained and about 20 will be added although that number is expected to grow.
He says the business will expand O'Gara's Mobile System division, which has security vehicle armoring and electronics integration facilities in San Antonio, Texas, and Fairfield, Ohio.
BAE Systems PLC is a London-based global defense, aerospace and security company.