BAE Systems has announced the sale of its Surveillance and Attack business to a subsidiary of Cobham Defence Electronic Systems Corporation.
The US$240m cash deal is expected to close in the first quarter of 2008, subject to regulatory approval.
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The division, based in Pennsylvania, US, will be taken over by Sensor and Antenna Systems, also based in Pennsylvania.
BAE’s Surveillance and Attack business provides broadband high-power transmitter and radio frequency front-end systems for military aircraft, which are used for communications and radar jamming as well as radar warning.
By staff writer
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