BAE launches $2.2bn bid for Collins, Raytheon units
BAE Systems intends to acquire two parts of the Collins Aerospace and Raytheon portfolios which were mandated for sale as part of regulatory requirements enabling the US companies’ pending merger. Announcing the formal asset purchase agreements on 20 January, BAE values its proposed acquisition of Collins’ military GPS business at over $1.9 billion, and says obtaining Raytheon’s airborne tactical radios unit will cost $275 million.
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