J.F. Lehman Buys BAE's Intertial Products

J.F. Lehman & Co. has agreed to acquire the Inertial Products business of BAE Systems (Nasdaq: BEAS), for $140 million. Inertial Products supplies military and commercial customers with inertial sensors and measurement units for the control, navigation and guidance of aircraft, precision weapon systems, missiles, unmanned aerial vehicles, aerial targets and drones, tanks and fighting vehicles. The sale also includes BAE Systems' share of Silicon Sensing Systems, a joint venture between BAE and Sumitomo Precision Products. www.jflpartners.com