BAE Systems announced today it has reached an agreement for the proposed sale of its composite structures business to EnCore Composites Holdings, Inc.
“The decision to sell the composite structures business was made to better align the company’s strategic objectives and business portfolio, ” said Frank Pope, president of BAE Systems Land & Armaments.
BAE Systems purchased the composite structures business through its 2005 acquisition of United Defense. Composite structures designs and manufactures complex, highly engineered composite components and assemblies that are primarily used on commercial and defense aerospace platforms.
The proposed sale is expected to close during the second or third quarter of 2011.