Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  BAE Systems plc    BA.   GB0002634946


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

BAE Systems plc : BAE Systems Announces Agreement to Sell Safariland Business

05/02/2012 | 10:25am US/Eastern

BAE Systems announced today that it has reached an agreement for the sale of its Ontario, California-based Safariland, LLC business to a newly formed acquisition vehicle affiliated with Kanders & Company, Inc.

Safariland, which has been part of BAE Systems since the 2007 acquisition of Armor Holdings, Inc., is a leading manufacturer and well recognized brand of innovative, high-quality protective products for law enforcement and security customers worldwide. The business employs approximately 1,700 people who work in the United States and Mexico at five locations in Ontario, California; Jacksonville, Florida; Pittsfield, Massachusetts; Casper, Wyoming; and Tijuana, Mexico.

"This proposed sale is another step in our ongoing plan to streamline our organization and further align the business portfolio with our strategy," said Frank V. Pope, president of BAE Systems, Inc.'s Land & Armaments sector. "We believe that this sale is in the best interests of BAE Systems as well as the Safariland business."

The proposed sale is conditional, among other things, upon receiving certain regulatory approvals, and is expected to close during the second or third quarter of 2012.

BAE Systems
Brian Roehrkasse, +1 703 312 6976
Mobile: +1 703 307 2568

© Business Wire 2012
Latest news on BAE SYSTEMS PLC
3h ago BAE SYSTEMS : New Hampshire Republican Candidate Walt Havenstein on the Record
1d ago BAE SYSTEMS : Federal Contracts Awarded by Federal Agencies in North Carolina (O..
1d ago BAE SYSTEMS : Presolicitation Notice - AIRBORNE ANTENNA REPAIR
2d ago BAE SYSTEMS : M wins accounts with BAE Systems and Royal Navy
2d ago BAE SYSTEMS : 250,000 flying hours milestone
2d ago BAE SYSTEMS : PRESS: BAE Says Work Halted On South Korea Jet Upgrades By US - Re..
3d ago Exclusive - BAE Systems says U.S. halted its work on F-16 upgrades for South ..
3d ago EXCLUSIVE : BAE Systems says U.S. halted its work on F-16 upgrades for South Kor..
3d ago Exclusive - BAE Systems says U.S. halted its work on F-16 upgrades for South ..
3d ago BAE SYSTEMS : Airport switch for regional airline aids the arrival of BAE System..
Duration : Period :
BAE Systems plc Technical Analysis Chart | BA. | GB0002634946 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes