IDT buys BAE unit

Integrated Defense Technologies Inc. of Huntsville, Ala., is buying BAE Systems' Advanced Systems operation in Gaithersburg, Md., paying the Farnborough, U.K., company $146 million in cash. The deal will close by the end of 2002. The purchase is contingent upon Hart-Scott-Rodino and other government approvals.

The BAE Systems' Gaithersburg operation, which employs more than 300 people, designs and manufactures high-performance radio frequency surveillance equipment used in signals intelligence applications. The business supplies U.S. and allied government agencies with high-quality surveillance and intercept equipment, and 65 percent to 70 percent of its sales are sole-source transactions.

IDT said the division is well-positioned to benefit from projected increases in intelligence spending and information technology intended to transform the U.S. military's intelligence and homeland security efforts.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above.

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.


contracts DB