BAE Systems completes $1.9 billion buy of Raytheon’s military Global Positioning System (GPS) business
The acquisition follows the merger of defense contracting giants United Technologies Corp. and Raytheon into Raytheon Technologies Corp. in June.
The U.S. Department of Justice had approved that merger in March, but only on the condition the companies divest the United Technologies military GPS and large space-based optical systems businesses, as well as Raytheon’s military airborne radios business.
The two companies had already struck a deal with BAE Systems last January, which saw BAE purchasing the Collins Aerospace military GPS business from United Technologies for $1.9 billion and the Raytheon airborne tactical radio business for $275 million.
Related: Air Force asks Raytheon to provide trusted computing to GPS with secure ASIC components
John Keller, chief editor
Military & Aerospace Electronics
