BAE Systems Inc. acquires Ohio-based engineering firm
Arlington County-based BAE Systems Inc. announced Tuesday the acquisition of Dayton, Ohio-based IAP Research. Financial terms of the deal were not disclosed.
IAP is an engineering company focused on the development and production of electromagnetic launchers, power electronics and advanced materials.
“This acquisition enhances both IAP Research and BAE Systems’ capabilities for the Engineering and Manufacturing Development of the Electromagnetic Railgun (EMRG),” Erwin Bieber, president of Platforms & Services at BAE Systems Inc., said in a statement.
IAP employs approximately 40 people and has been a key subcontractor to BAE Systems for more than 10 years on the EMRG development.
BAE said the acquisition of IAP aligns with its focus on investing in strategic growth markets such as precision and advanced weapon systems, and advanced technologies.