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Business/Financial

BAE Closes Acquisition Of Raytheon Technologies’ Airborne Tactical Radio Business

By Cal Biesecker

Monday, May 4th, 2020

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BAE Closes Acquisition Of Raytheon Technologies’ Airborne Tactical Radio Business

BAE Systems on Monday said it has completed its $275 million cash acquisition of the airborne tactical radio business from Raytheon Technologies [RTX], which was required by the U.S. government to divest the business as one of the conditions permitting regulatory approval of the merger of United Technologies and Raytheon. The airborne tactical radios business, which used to be part of Raytheon, will report within BAE’s Electronic Systems group. BAE said the new business unit adds complementary waveform expertise to…

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