Deal Snapshot
BAE Systems Closes Acquisition of Collins Aerospace Business
Monday 03 August 2020

UK-based defence, security and aerospace company BAE Systems, Inc (OTC: BAESF) has closed the acquisition of Collins Aerospace's military Global Positioning System business from US-based Raytheon (NYSE: RTN), the company said.

In January, BAE Systems announced a deal to acquire this business and Raytheon's (NYSE: RTN) Airborne Tactical Radios business for a combined USD 2.2bn. The asset purchase agreement for the Collins military GPS business calls for cash of USD 1.925bn, with an expected tax benefit of approximately USD 365m.

Date Published: 03/08/2020