BAE Systems to buy US rival

Defence giant BAE Systems unveiled a $3.97bn (£2.09bn/€3bn) deal today to buy US rival United Defense Industries.

BAE Systems to buy US rival
Mon, 07 Mar, 2005 - 08:23

Defence giant BAE Systems unveiled a $3.97bn (£2.09bn/€3bn) deal today to buy US rival United Defense Industries.

The move will help BAE capitalise on the increase in spending by the Pentagon as it combats the growing threat of terrorism and maintains operations in Iraq and Afghanistan.

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