BAE Systems PlcÂ is exploring a potentialÂ sale of the British defense contractor’s U.S.-based manpower and services division, Â whichÂ provides information technology support services to U.S. government agencies.
BAE said FridayÂ aÂ group ofÂ external advisersÂ willÂ help perform aÂ strategic review of the businessÂ asÂ it has “generated external interest and a number of enquiries.”
The manpower and services divisionÂ is a part of the intelligence and security sector within BAE’s U.S. subsidiary — BAE Systems Inc.
BAE addedÂ “there can be no certainty that any transaction will occur” and said any potential deal would not include the sector’s geospatial intelligence business or theÂ cybersecurity and intelligence businessÂ that operates asÂ BAE Systems Applied Intelligence.
According to MarketWatch, the manpower and services division generated $800 million in sales last yearÂ andÂ has close to 9, 000 employees.