BAE Systems, Rockville, MD, has agreed to sell its Flight Systems business, Mojave, CA, to Calspan Corporation.

The cash purchase price is $62.5 million plus an additional consideration to be paid pursuant to an earn-out mechanism by reference to the revenues of the business over the next five years.

Flight Systems, with 170 employees, performs aircraft modification, aircraft operations, flight tests, and aerial full-scale targets production for military and commercial customers.

This sale is consistent with our strategy to expand BAE Systems’role as a developer and integrator of systems and de-emphasize our role as a subsystems and services provider,”said Mike Heffron, president of BAE Systems’Electronics &Integrated Solutions operating group, which …