BAE sells US defence unit to Cobham
BAE Systems has sold its American subsidiary, Surveillance and Attack, to aerospace and defence group Cobham for $240m.
Cobham has renamed the business Sensor and Antenna Systems, Lansdale Inc, and will integrate it into the company̵7;s enlarged defence electronic systems division.
Lansdale is a developer of electronic warfare (EW) technology and supplier of EW subsystems for military aircraft.
The equipment is used primarily for stand-off radar and communication jamming as well as self-protection radar warning on US military aircraft.
Cobham said the acquisition was in line with its strategy of increasing shareholder value through organic growth and selective acquisitions within the sector.
It said it expected the purchase to add to its profits from an early stage.
Image: The BAE unit is involved in self-protection radar