BAE spends $2.2 billion to boost U.S. electronic systems business
Share:
LONDON (Reuters) - British defence company BAE Systems is spending $2.2 billion to expand its U.S.-based electronic systems operations, buying two businesses being offloaded as a result of the merger of U.S. rivals Raytheon and United Technologies.BAE said the purchase of a military-focused GPS unit from Collins, part of United Technologies Corp (UTC) , and an airborne tactical radios unit owned by Raytheon were dependent on the closure of the pair's merger.Chief Executive Charles Woodburn..