BAE Systems acquisition of Raytheon's Airborne Tactical Radios business
BAE bought Raytheon's airborne tactical radios business, divested to clear the Raytheon and United Technologies merger.
- Company
- Raytheon Airborne Tactical Radios
- Type
- M&A
- Status
- Completed
- Date
- 4 May 2020
- Value
- US$275m
- Value basis
- US$275m (about £218m) in cash, from existing cash; expected tax benefit of about US$50m as an asset purchase
- Region
- US
- Segment
- Defence electronics
Parties
- BAE Systems buyer
- RTX seller
Key terms
- Structure
- Asset purchase
- Funding
- Existing cash
- Announced
- 20 Jan 2020
Sources
- BAE Systems RNS: proposed acquisition of Collins Aerospace's Military GPS business and Raytheon's Airborne Tactical Radios business investegate.co.uk · 20 Jan 2020
- BAE Systems RNS: completes Airborne Tactical Radios business acquisition investegate.co.uk · 4 May 2020
Record DEF-INV-2020-0015. Investments are kept apart from the financings register and never counted in debt totals.
