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  • Friday, November 22, 2024

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary.

BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

Collins Aerospace’s military GPS business provides M-code, anti-spoofing systems, anti-jamming technologies and other GPS products. It is based in Cedar Rapids, Iowa, and operates with approximately 700 employees.

Military GPS is one of the two businesses BAE agreed to acquire in order for United Technologies Corp. and Raytheon to advance their merger, which was completed in early April.

John Watkins, vice president and general manager of precision strike and sensing solutions at BAE, said the company is proud to welcome the employees of the military GPS business and will leverage the latter’s experience in the development of novel capabilities to support U.S. troops and allied forces.

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