On Monday, UK defence company BAE Systems announced two acquisitions worth $2.2 billion in the US.
It will pay Collins Aerospace $1.925 billion for its military global positioning system (GPS) assets and Raytheon $275 million for its airborne tactical radios business.
For M&A bankers in Europe, it’s a promising start to the year that recalls BAE’s acquisition spree in the early 2000s when it established itself as a force in the US. It acquired Lockheed Martin’s aerospace electronics systems for $1.67
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