The approximately 400 BAE Systems employees in Lansdale provide broadband high-power transmitter and radio frequency front-end systems for military aircraft. The equipment is used for communications and radar jamming, as well as radar warning.
The US$240 million cash transaction is expected to close in the first quarter of 2008, following receipt of regulatory approvals.
¡°This sale is consistent with BAE Systems¡¯ strategy to expand as a developer and integrator of systems and de-emphasize its role as a subsystem provider,¡± said Mike Heffron, president of BAE Systems¡¯ Electronics & Integrated Solutions operating group, which includes the Lansdale business.
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