BAE Systems' new U.S. chief broadens push into land systems, while dismissing talk of a mega-merger
BAE Systems' $4.5-billion deal to purchase Florida-based Armor Holdings would position the global defense giant as the Pentagon's sixth-largest contractor while furthering its expansion into the land systems market by adding wheeled combat vehicles to its core tracked vehicle business. If the acquisition wins regulatory approval it would add more than $3 billion to BAE's U.S. sales, which reached $11 billion last year, and move the London-based company close to its goal of generating half ...
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