BAE to buy Armor Holdings for $4.1 billion
Published May 7th, 2007
British defense contractor BAE Systems Plc moved to expand its share of the lucrative U.S. military market on Monday with a $4.1 billion deal to buy Army vest and truck maker Armor Holdings Inc.
The deal is the second-largest U.S. purchase in two years for BAE, which is now the No. 8 supplier in the world’s biggest military market. Two years ago, BAE bought U.S. armored vehicle maker United Defense Industries for about $4 billion.
UK-based BAE, which is expanding its military business after selling its stake in commercial planemaker Airbus.
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