BAE Systems has announced the sale of its Surveillance and Attack business to a subsidiary of Cobham Defence Electronic Systems Corporation.
The US$240m cash deal is expected to close in the first quarter of 2008, subject to regulatory approval.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The division, based in Pennsylvania, US, will be taken over by Sensor and Antenna Systems, also based in Pennsylvania.
BAE’s Surveillance and Attack business provides broadband high-power transmitter and radio frequency front-end systems for military aircraft, which are used for communications and radar jamming as well as radar warning.
By staff writer
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
