BAE Systems officials called the acquisitions “unique opportunities” to grow its military radio and GPS businesses. BAE Systems announced Jan. 20 it intends to buy Collins Aerospace’s military Global Positioning System for $1.9 billion and Raytheon’s Airborne Tactical Radios division for $275 million. These two businesses are being sold in order to clear the antitrust...
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BAE Systems Announces Proposed Acquisition of Collins Aerospace’s Military Global Positioning System Business and Raytheon’s Airborne Tactical Radios Business
BAE Systems, Inc. announced today it has reached definitive agreements for the proposed acquisitions of Collins Aerospace’s military Global Positioning System (GPS) business and Raytheon’s Airborne Tactical Radios (ATR) business. These two high-performing businesses are being sold in connection with obtaining the required antitrust clearances for the previously announced pending merger between Raytheon and United...