BAE Systems to buy Collins Aerospace military GPS, Raytheon’s radiosChristian Fernsby ▼ | January 20, 2020
BAE Systems announced that it has entered into a definitive asset purchase agreement to acquire Collins Aerospace’s Military Global Positioning System business for $1.925bn in cash, subject to customary closing adjustments.
Acquisition BAE Systems
Topics: BAE Systems Collins Aerospace Raytheon
BAE Systems has also entered into a definitive Asset Purchase Agreement to acquire Raytheon’s Airborne Tactical Radios business for $275m in cash, subject to customary closing adjustments.
As an asset purchase there is an expected tax benefit of c.$50m.
Completion of both acquisitions are subject to successful closure of the Raytheon-United Technologies Corporation (UTC) merger, as well as customary regulatory approvals and conditions. ■