BAE could sell US operations

Posted on 13 Sep 2010 by The Manufacturer

UK defence manufacturer BAE Systems is looking to sell its US aerospace facilities for $2bn (£1.3bn).

The company has instructed bankers JP Morgan to find a buyer for its platforms division in the US which specialises in electronics and engine controls for both commercial and military planes. “The company regularly reviews its business portfolio to ensure it is delivering the best value for shareholders and customers,” said BAE in a statement.…

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