BAE Systems completes $275 million airborne tactical radios deal

Industry: Defense 2020-05-05

British defence company BAE Systems said it had completed the acquisition of Raytheon’s airborne tactical radios business, paying $275 million out of existing cash resources to finalise the deal announced in January.

BAE announced the acquisition of the radio business plus a larger military-focused GPS unit for a total of $2.2 billion three months ago. Both were sold as a result of the merger of its U.S. rivals Raytheon RTX.N and United Technologies.

Source: Reuters.com

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