Member access

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

BAE SYSTEMS PLC (BA.)

48
Delayed Quote. Delayed London Stock Exchange - 12/19 04:08:13 am
466.3 GBp   +0.93%
2d ago BAE SYSTEMS : BRIEF: BAE to purchase Texas-based firm
3d ago Airbus ops chief resigns, replaced by Tom Williams
3d agoDJUK MoD Awards BAE Systems GBP1.5 Million Carrier Engineering Supp..
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
2d ago BAE SYSTEMS : Completes SilverSky Acquisition
2d ago BAE SYSTEMS : buys SilverSky for £144million in bid for growth in US cyber secur..
2d ago BAE SYSTEMS : invests in U.S. national security through latest acquisition
2d ago BAE SYSTEMS : completes acquisition of SilverSky for £144.4m
2d ago BAE SYSTEMS : MILITARY SOCET Software Renewal Sought by U.S. Air Force
2d ago BAE SYSTEMS : BRIEF: BAE to purchase Texas-based firm
3d ago Airbus ops chief resigns, replaced by Tom Williams
3d agoDJUK MoD Awards BAE Systems GBP1.5 Million Carrier Engineering Support Job
3d ago BAE SYSTEMS : In Brief : BAE lands GBP270m torpedo contract
3d ago BAE SYSTEMS : Gbp270 million contract awarded to upgrade royal navy torpedoes
Advertisement
Chart
Duration : Period :
BAE Systems plc Technical Analysis Chart | BA. | GB0002634946 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF