BAE Systems has completed its purchase of Armor Holdings after receiving all required shareholder and regulatory approvals.
The $4.5bn merger was first proposed in May this year in a bid to tap into the lucrative armoured vehicle market, which is experiencing strong growth driven by the conflicts in Iraq and Afghanistan.
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The acquisition of Armor Holdings strengthens BAE Systems’ position as one of the world’s leading land systems businesses.
Last year Armor Holdings had sales of approximately $2.361bn.
Reported by staff writer
