• Subscribe Now
  • Subscriber Login
  • My Account
Huntsville Business Journal
  • Link to Facebook
  • Link to X
  • Link to Mail
  • Link to Rss this site
  • News
  • Small Business
  • People
  • Real Estate
  • Government
  • Finance
  • Technology
  • Contact
  • EVENT Magazine
  • Best of Huntsville
  • Menu Menu
HBJBAELogo
staff reports

BAE Systems to Purchase Collins Aerospace’s Military GPS, Raytheon’s Radio Businesses

January 21, 2020/in News, Aerospace, Defense, Technology/by staff reports

BAE Systems said it intends to buy Collins Aerospace’s military Global Positioning System business  and Raytheon’s Airborne Tactical Radios business for a combined $2.2 billion.

The 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 Corp, BAE Systems said in a news release.

According to BAE, the asset purchase agreement for the Collins military GPS business calls for cash of $1.925 billion, with an expected tax benefit of approximately $365 million. For Raytheon’s ATR business, the purchase agreement calls for cash of $275 million, with an expected tax benefit of approximately $50 million.

“As militaries around the world increasingly operate in contested environments, the industry-leading, battle-tested products of these two businesses will complement and extend our existing portfolio of solutions we offer our customers,” said Jerry DeMuro, CEO of BAE Systems. “This unique opportunity to acquire critical radio and GPS capabilities strengthens our position as a leading provider of defense electronics and communications systems, and further supports our alignment with the modernization priorities of the U.S. military and its partners.”

These proposed acquisitions are subject to the successful closure of the Raytheon-UTC transaction and other customary closing conditions. Upon closure, both business lines would be integrated into the company’s Electronic Systems sector.

BAE Systems, Collins Aerospace and Raytheon have facilities in Huntsville.

“These are strong businesses with talented employees who share our focus on quality and technology innovation,” said Tom Arseneault, President and COO of BAE Systems. “We are confident of a smooth transition that will accelerate our future together and look forward to welcoming these new employees to the BAE Systems team once the transactions are approved.”

Related Stories:

  • DEFTEC to host open house for Huntsville headquart...

    DEFTEC to host open house for Huntsville headquart...

  • Astrion makes $75K donation to UAH for radio waves...

    Astrion makes $75K donation to UAH for radio waves...

  • Redwire's Huntsville expansion signals continued g...

    Redwire's Huntsville expansion signals continued g...

Tags: BAE Systems, Collins Aerospace, Raytheon
Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Reddit
  • Share by Mail
https://huntsvillebusinessjournal.com/wp-content/uploads/2020/01/HBJBAELogo.png 401 713 staff reports https://huntsvillebusinessjournal.com/wp-content/uploads/2019/02/HBJ-Logo.png staff reports2020-01-21 07:03:082020-01-21 07:06:27BAE Systems to Purchase Collins Aerospace’s Military GPS, Raytheon’s Radio Businesses
You might also like
Untitled 2026 02 09T140719.650 BAE Systems Awarded $137M Contract to Deliver Missile Warning Systems to Allies
Raytheon cuts ribbon on new Interceptor Engineering Center Huntsville business cuts ribbon on new Interceptor Engineering Center
BAE Systems 400 Jan Davis Drive Birds Eye View BAE’s Warrior Integration Program Called a ‘Lifesaver’
Untitled 2025 07 02T105158.748 Huntsville’s Ranking Among Mid-Sized Metros: Revealed
HBJteledynelogo Teledyne Brown Engineering receives 4-Star Award from Raytheon IDS
ES U.S. Army awards BAE Systems 62 million for next generation missile warning system Army Awards BAE Systems $62M for Next-Generation Missile Warning System
Search Search

Categories

Support Local Journalism - Subscribe today

Menu

  • Features
  • Events
  • People
  • Small Business
  • Government
  • Finance
  • Technology

Subscribers

Subscriber Login

My Account

Become a Subscriber

Sign Up For Newsletter

 

Contact Us

Advertise
Submit Your News
Distribution

EVENT Publishing
Huntsville Business Journal
600 Boulevard South #104
Huntsville, AL 35802

(256) 533-8078

Publisher:
todd@huntsvillebusinessjournal.com

Send Us Your News:
editor@huntsvillebusinessjournal.com

Site by PlayBig Design - Managed by IG Webs
  • Link to Facebook
  • Link to X
  • Link to Mail
  • Link to Rss this site
  • Subscribe Now
  • Subscriber Login
  • My Account
Link to: For the Love of Pets, Greater Huntsville Humane Society Mission is Clear Link to: For the Love of Pets, Greater Huntsville Humane Society Mission is Clear For the Love of Pets, Greater Huntsville Humane Society Mission is ClearHBJHumaneSign Link to: Madison County Moving to Meet Continued Growth Link to: Madison County Moving to Meet Continued Growth HBJCountyCourthouseMadison County Moving to Meet Continued Growth
Scroll to top Scroll to top Scroll to top