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OMG Oxford Metrics Plc

111.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oxford Metrics Plc LSE:OMG London Ordinary Share GB0030312788 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 111.00 110.00 112.00 111.00 111.00 111.00 21,082 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 44.24M 5.66M 0.0430 25.81 145.88M

Boeing Buys 2d3 Sensing for $25 Million

10/04/2015 8:00am

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   By Robert Wall 
 

LONDON--Boeing Co. (BA) on Friday said it has acquired imagery software company 2d3 Sensing from U.K.-based OMG PLC (OMG.LN) in an effort to strengthen its airborne intelligence collection capabilities.

The deal is valued at $25 million, Oxford, England-based OMG said in a regulatory statement. OMG said it would generate $16.4 million in pretax profit from the deal and pay its shareholders a special dividend of 5.1 million pounds ($7.5 million).

Boeing said it would fold 2d3 Sensing, which has operations in California and the U.K., into its Insitu subsidiary, which makes drones for the military.

"The services they provide highlight ways in which computer vision and image processing technologies can be used to enhance and analyze full motion video data captured and recorded during live missions," Ryan Hartman, president and chief executive of Boeing's Insitu unit, said in a statement.

Write to Robert Wall at robert.wall@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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