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BAE Systems Announces Proposed Acquisition of Collins Aerospace's Military Global Positioning System Business and Raytheon's Airborne Tactical Radios Business

Jan 20, 2020 - Business Wire
Mergers and Acquisitions

BAE Systems, Inc. announced today it has reached definitive agreements for the proposed acquisitions of Collins Aerospace's military Global Positioning System (GPS) business and Raytheon's Airborne Tactical Radios (ATR) business. These two high-performing businesses are being sold in connection with obtaining the required antitrust clearances for the previously announced pending merger between Raytheon and United Technologies Corporation (UTC).

The proposed acquisitions are structured as a...