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

BAE SYSTEMS (BA.)
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BAE Systems plc : BAE Systems Announces Agreement to Sell Safariland Business

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05/02/2012 | 03:25pm CET

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
[email protected]
www.baesystems.com


© Business Wire 2012
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Financials ( GBP)
Sales 2018 19 245 M
EBIT 2018 2 012 M
Net income 2018 1 116 M
Debt 2018 1 133 M
Yield 2018 3,74%
P/E ratio 2018 16,65
P/E ratio 2019 15,72
EV / Sales 2018 1,06x
EV / Sales 2019 1,02x
Capitalization 19 270 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 6,52  GBP
Spread / Average Target 8,4%
EPS Revisions
Managers
NameTitle
Charles Nicolas Woodburn Chief Executive Officer & Director
Roger M. Carr Chairman
Peter J. Lynas Executive Director & Group Finance Director
Steve N. Millward Chief Information Officer
Harriet Green Independent Non-Executive Director
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