CHELMSFORD, England,
November 10, 2011 /PRNewswire/ --
Visteon Corporation (NYSE: VC), a global supplier of automotive
systems, has signed a memorandum of understanding with BAE Systems,
a global defense and security business, to develop in-vehicle
electronics technology for the automotive market.
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The technology cooperation combines BAE Systems' advanced
scientific and engineering know-how with Visteon's wide range of
automotive electronics solutions and proven system integration
knowledge. Both companies are recognized for their expertise in
developing electronic interfaces for end-user information and
awareness systems, holding market-leading positions in their
respective industries.
"This is an exciting cooperation that will allow both
organizations to capitalize on our strong synergies and share
technology solutions knowledge," said Bob
Swanston, managing director, Visteon Engineering Services.
"With in-vehicle electronics advancing at a rapid pace, we believe
this joint application of our shared industry experience can bring
advanced solutions, more quickly, to benefit our customer base of
global vehicle manufacturers."
James Baker, director of BAE
Systems Advanced Technology Centre, said, "By collaborating with
market-leading organizations such as Visteon, we are able to
rapidly develop new technologies and capabilities, driving value in
the consumer market and providing innovative solutions to support
and protect our armed forces."
BAE Systems is a global defense and security company with
approximately 100,000 employees worldwide. The company delivers a
full range of products and services for air, land and naval forces,
as well as advanced electronics, security, information technology
solutions and support services. http://www.baesystems.com.
Visteon is a leading global automotive supplier that designs,
engineers and manufactures innovative climate, electronic, interior
and lighting products for vehicle manufacturers. With corporate
offices in Van Buren Township,
Mich.(U.S.); Shanghai,
China; and Chelmsford, UK;
the company has facilities in 27 countries and employs
approximately 27,000 people. Learn more at
http://www.visteon.com.