ARINC issued the following news release:
Earlier today, ARINC Incorporated announced that it had entered into a definitive agreement to sell its Defense Systems Engineering & Support (DSES) Division to Booz Allen Hamilton. The sale is expected to close later this Fall, subject to customary closing conditions. Following the closing, ARINC will continue to focus on growing its market leading commercial businesses.
This action will enable ARINC to invest and expand its innovative, mission-critical systems and solutions including the e-Enabled Aircraft Solution, AviNet Global data Network Solutions, GLOBALink voice and data Services, new airport passenger processing systems such as self-boarding gates, positive train control solutions, aircraft modernization programs for aging government aircraft, public safety radio networks for first responders and high end security systems for critical infrastructure.
"Going forward ARINC is strongly positioned to grow and excel. ARINC is number one in many of the commercial markets we serve through a continued focus on customer service, the quality of our solutions and innovation. We would like to thank all of our DSES employees for their significant contribution to ARINC's success. The employees of our DSES business are joining a quality company with an established customer base that we believe will provide a great environment to continue maximizing their talents" said John Belcher, Chairman & CEO of ARINC.
ARINC has experienced rapid growth over the past decade. The Company's International Division has grown through a rapid geographic expansion into over 150 countries. ARINC is recognized as the global leader in transportation communications, engineering and systems integration.
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