BAE Systems acquires Collins Aerospace military GPS business
BAE Systems has completed the $1.9 billion acquisition of Collins Aerospace‘s military GPS business from Raytheon Technologies Corp. BAE also purchased Raytheon’s airborne tactical radio business for $275 million.
In January, BAE Systems announced its intent to buy the Collins Aerospace Military GPS division. In April, Raytheon finalized its merger with United Technologies Corp. (UTC) to officially form Raytheon Technologies Corp. The U.S. Department of Justice approved the Raytheon/UTC merger in March, but only on the condition the companies divest UTC’s military GPS and large space-based optical systems businesses, as well as Raytheon’s military airborne radios business.
Collins Aerospace’s military GPS business will be integrated into BAE Systems’ Electronic Systems sector.
“This partnership will enable us to build on our market leadership and bring new discriminating capabilities to our customers, including the U.S. Department of Defense and its allies,” said Greg Wild, director of Military GPS. “We’re excited to be joining the BAE Systems family. They appreciate our legacy of innovation and will provide opportunities for continued business growth and success.”
Based in Cedar Rapids and Coralville, Iowa, the military GPS business has a workforce of approximately 700 employees. The business designs and produces advanced, hardened and secure GPS products with a range of form factors, including products designed for space-constrained and harsh environments.
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