Defense giant BAE Systems Inc. on Monday completed a $14.7 million deal to acquire Tucson-based Advanced Ceramics Research Inc., a producer of small, unmanned aircraft and advanced materials.
The acquisition through a stock purchase was announced in March.
The Tucson business employs 60 people and has its headquarters at 3292 E. Hemisphere Loop. BAE Systems, headquartered in Rockville, Md., is the U.S. subsidiary of London-based BAE Systems PLC.
The deal did not include Advanced Ceramics Manufacturing LLC, a supplier of ceramics components on the Tohono O'odham Reservation near Tucson.