Member access

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

BAE SYSTEMS PLC (BA.)

56
Delayed Quote. Delayed London Stock Exchange - 03/27 12:35:02 pm
530 GBp   -0.47%
03/26 HTN NDA : Loka wireless software evaluation agreement
03/21 IAN KING : BAE is budgeting for King's ransom
03/19 BAE SYSTEMS : boss's pay up sharply in spite of sales drop
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

05/02/2012 | 09:25am 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
brian.roehrkasse@baesystems.com
www.baesystems.com


© Business Wire 2012
React to this article
Latest news on BAE SYSTEMS PLC
03/26 BAE SYSTEMS : Combine Solicitation - SOCET GXP
03/26 HTN NDA : Loka wireless software evaluation agreement
03/25 BAE SYSTEMS : Patent Issued for Projectile Detection System
03/25 BAE SYSTEMS : Federal Contracts Awarded by Federal Agencies in Georgia (March 25..
03/25 BAE SYSTEMS : MILITARY $2.98 Million Federal Contract Awarded to BAE Systems
03/24 BAE SYSTEMS : Receives $383M Weapon Systems Support Contract from DLA
03/24 BAE SYSTEMS : SMEA to supply additional Hawk AJT pylons to BAE
03/21 IAN KING : BAE is budgeting for King's ransom
03/20 BAE SYSTEMS : Court overturns seagull cull order
03/19 BAE SYSTEMS : Pounds 5m training base is signed, sealed and nearly delivered
Advertisement
Chart
Duration : Period :
BAE Systems plc Technical Analysis Chart | BA. | GB0002634946 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF