[SatNews] BAE Systems has entered into a definitive agreement to acquire OASYS Technology, a privately owned company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and commercial markets.

The acquisition of OASYS Technology will complement BAE Systems' existing electro-optical capabilities, technologies and product offerings. OASYS Technology employs 65 people at its 40,000 square foot design and manufacturing facility in Manchester, New Hampshire. Upon successful closing, OASYS Technology’s operations are expected to be integrated with the BAE Systems business headquartered in Nashua, New Hampshire. The proposed acquisition is conditional, among other things, upon receiving certain U.S. regulatory approvals, and it is expected to close during the fourth quarter of 2010.