BAE Systems Puts U.S. Component Unit Up for Sale

British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses.

The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) “to advise on strategic options” regarding its Platform Solutions unit, including a possible sale, Reuters reported.

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BAE could raise as much as $2 billion by selling part of its North…

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BAE Systems Puts U.S. Component Unit Up for Sale originally appeared on DailyFinance on Mon, 13 Sep 2010 08:32:00.

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BAE Systems Puts U.S. Component Unit Up for Sale

British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses.

The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) “to advise on strategic options” regarding its Platform Solutions unit, including a possible sale, Reuters reported.

Sponsored Links

BAE could raise as much as $2 billion by selling part of its North…

Continue reading BAE Systems Puts U.S. Component Unit Up for Sale

BAE Systems Puts U.S. Component Unit Up for Sale originally appeared on DailyFinance on Mon, 13 Sep 2010 08:32:00.

Filed Under: , , , , ,

BAE North American Aerospace Units Up for Sale

BAE Systems PLC, the world’s second-largest defense company by revenue, will auction off divisions of its North American commercial aerospace business, a sale that could net up to $2 billion, according to The Wall Street Journa…