BAE Systems Plc completes the acquisition of Military Global Positioning System business

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.

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