Hensoldt Said to Weigh Sale of South African Optronics Unit (1)

German radar maker Hensoldt AG is exploring options for its South African optronics business, including a potential sale, according to people familiar with the matter.

Hensoldt is working with Deloitte to review the business, said the people, who asked not to be identified because discussions are private. The operation could attract interest from companies in the field, as well as buyout firms.

The Hensoldt businesssells products including gimbal-mounted cameras that can assist helicopters, fixed-wing aircraft and unmanned aerial vehicles in surveillance and targeting. The unit builds airborne electro-optical and infrared systems, including the Argos and Bushbaby brands.

A sale ...