BAE SYSTEMS COMPLETES SALE OF SURVEILLANCE AND ATTACK BUSINESS
25 Feb 2008 | Ref. 075/2008
ROCKVILLE, Maryland – BAE Systems today completed the sale of its surveillance and attack business. The $240 million cash sale to Sensor and Antenna Systems, Lansdale, Inc., a subsidiary of Cobham Defense Electronic Systems Corp., was announced December 19, 2007.
Today’s announcement follows completion of regulatory reviews and approvals.
BAE Systems’ Surveillance and Attack business, with approximately 400 employees, provides broadband high-power transmitter and radio frequency front-end systems for military aircraft. The equipment is used for communications and radar jamming, and radar warning.
About BAE Systems
BAE Systems is the premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 97,500 employees worldwide, BAE Systems' sales exceeded $31.4 billion in 2007.
For more information, please contact:
Greg Caires, BAE Systems
Tel: + 1 703 907 8261 Mobile: + 1 703 967 8630
greg.caires@baesystems.com
Joan Ferguson, BAE Systems
Tel: + 1 603 885 2816 Mobile: + 1 603 315 1537
joan.ferguson@baesystems.com
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