January 10 2011
A U.S. undersea warfare specialist company has been purchased by DRS Sonar Systems, reports Defense News
No financial details were released for the purchase of Advanced Acoustic Concepts (AAC), which is based in Hauppauge, N.Y.
The buyer, DRS Sonars Systems is headquartered in Gaithersburg, Md., and a joint venture with Thales North America.
Thales hopes the acquisition of AAC will help "develop its market share with the U.S. Navy," said a Thales spokesman.
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