BAE Systems completes $275 mln airborne tactical radios deal

Reuters

Mon, May 4, 2020, 2:13 AM

In this article:

LONDON, May 4 (Reuters) - 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 and United Technologies.

(Reporting by Sarah Young, Editing by Paul Sandle)

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BAE Systems completes $275 mln airborne tactical radios deal

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