Author: Mary-Louise Hoffman|| Date Published: May 5, 2020
Dave Logan
BAE Systems Inc., the British contractor’s U.S. subsidiary, has wrapped up its $275 million acquisition of a Raytheon Technologies (NYSE: RTX) unit that produces airborne tactical radio systems for defense customers and aircraft manufacturers.
BAE first announced the transaction in January along with a separate pending $1.925 billion deal to buy the military global positioning system business operating under Collins Aerospace, formerly owned by United Technologies Corp.
The Department of Justice required the divestitures as a precondition to clear the Raytheon-UTC merger, which closed early in April.
Dave Logan, vice president and general manager of C4ISR systems at BAE Systems Inc., said in a statement released Monday the company seeks to deliver electronic mission and control platforms to its joint customer base with the ATR business.
The deal adds multiband, multichannel radio offerings to BAE’s airborne communications technology portfolio.
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