UTC Aerospace Systems, a unit of United Technologies CorporationUTX , bought out N2 Imaging Systems, LLC, in a strategic endeavour to further develop its extensive portfolio of capabilities.
The acquisition will augment UTC Aerospace's intelligence, surveillance and reconnaissance operations. Also, it will upgrade UTC Aerospace's technology and enable it to support the U.S. Military across the complete spectrum of global strategic, operational and tactical operations.
Based in Irvine, CA, N2 Imaging will aid UTC Aerospace in swiftly developing the most advanced imaging technology and delivering enhanced support to the U.S. Army's Reconnaissance, Surveillance and Target Acquisition (RSTA) mission.
UTC Aerospace has immense experience in designing, developing and fielding sophisticated technology. On the other hand, N2 is renowned for its leading-edge imaging technology and integration capabilities, which will allow it to deliver advanced optical systems for the military and commercial segments. Now, N2 Imaging's innovative capabilities integrated with UTC Aerospace's experience will enable the latter to further support on-time execution of the Army's Enhanced Night Vision Goggle (ENVG) program.
Their collective technology expertise and execution in sensor technology will open up a broad range of opportunities for the development of new, cost-effective man-portable imaging systems for military and commercial users.
This acquisition underscores UTC Aerospace's commitment to invest in future dual-use imaging technology and support the Army's technology road maps.
United Technologies provides high-end technology products and services to building systems and aerospace industries worldwide. This diversified business conglomerate serves various end markets such as aerospace, defense and commercial construction.
United Technologies currently has a Zacks Rank #3 (Hold). Some better-ranked conglomerates that look promising now include Compass Diversified Holdings CODI , Federal Signal Corp. FSS and Macquarie Infrastructure Corporation MIC , each sporting a Zacks Rank #2 (Buy).