BAE Systems Plc (LON: BA.) has informed about the completion of the acquisition of Military Global Positioning System business.
- The company has completed the acquisition of the Collins Aerospace Military Global Positioning System business from Raytheon Technologies Corporation.
- The company had received all the required regulatory approvals and fulfilled other customary conditions for closing for the deal.
- The consideration of the deal was US$1.925 billion or around £1.48 billion, which has been funded from a new external debt of the company.