Goodrich (GR) to Acquire Atlantic Inertial Systems for $375M
More News related to GR
- Goodrich Delivers 500th Laser Detecting System for U.S. Army Helicopters
- Goodrich to Address Barclays Capital Second Annual Industrial Select Conference
- C-130 Fleet Upgrade with New Goodrich Boltless Wheels and Carbon Brakes Will Benefit U.S. Air Force, International Operators
- Goodrich Corporation Exhibits in Singapore on Chalet Row, UK and U.S. Pavilions
- Goodrich Selected to Provide Flight Control Actuation System for Irkut MC-21 Commercial Aircraft
More News related to Mergers and Acquisitions
- GE Energy, of GE (GE), to Partner in $200M West Texas and North Dakota Reserve Acquisition
- IHS (IHS) Pays $18M in Emergin Energy Research Acquisition
- Oracle (ORCL) Agrees to Purchase Convergin
- Atlas Acquisition (AXG) Updates on Proposed Select Staffing Merger
- Micron (MU) Acquires Numonyx for $1.27B In Stock
Goodrich Corporation (NYSE: GR) has signed an agreement with an investment affiliate of J.F. Lehman & Company to acquire AIS Global Holdings LLC. AIS, known as Atlantic Inertial Systems, is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market. The transaction is expected to close by the end of 2009, subject to customary government approvals.
Sales in 2009 for the business are expected to be approximately $180 million, and are expected to grow significantly over the next several years. The purchase price is approximately $375 million, reflecting a multiple of slightly less than nine times 2009 estimated adjusted earnings before interest, taxes, depreciation and amortization. The acquisition is expected to be slightly accretive to earnings in 2010, including the impact of purchase accounting adjustments.
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
