CHARLOTTE, N.C., Dec. 21, 2009 /PRNewswire-FirstCall/ -- Goodrich Corporation 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 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/.
Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.
Goodrich Corporation; GR - Electronic Systems
CONTACT: Media: Laurie Tardif, +1-704-423-7048, +1-704-264-7338 M; or
Investor Relations: Paul Gifford, +1-704-423-5517, both of Goodrich
Corporation
Web Site: http://www.goodrich.com/
