Goodrich Corporation Completes Acquisition Of Atlantic Inertial Systems
By Taylor Pilewski on December 22, 2009
Goodrich Corporation (NYSE: GR) has completed the acquisition of AIS Global Holdings LLC (AIS), known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million.
Goodrich Corporation| GR UPGoodrich had announced its intentions to acquire AIS on November 17, 2009. Details on the transaction can be found on the Goodrich press release issued that day; click here to read in its entirety.
AIS is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market. J.F. Lehman & Company is a private equity investment firm that focuses exclusively on acquiring middle market companies in the defense, aerospace and maritime industries.
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.