BAE SYSTEMS has pulled off the biggest acquisition in its short history, winning control of a US armoured car manufacturer for $4.1 billion (£2.1bn).
The company secured ownership of United Defence Industries (UDI) following a fierce weekend battle with rival firms. The deal is the biggest since British Aerospace merged with the defence arm of General Electric to create BAE in 1999...
...UDI is best known for its design and production of Bradley fighting vehicles - armoured personnel carriers that have become essential to US peace-keeping activities in Iraq and Afghanistan....
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Tuesday, March 08, 2005
The Scotsman - Business - BAE steals march on rivals with 6th US buy
BAE is aiming to become "the premier transatlantic defence contractor", and is taking steps to achieve that goal:
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