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Business/Financial

BAE SYSTEMS Acquiring Swedish Training Firm

DDN

Wednesday, November 28th, 2007

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Britain's BAE SYSTEMS yesterday said it is acquiring Pitch Technologies AB, a Swedish-based firm that specializes in training and simulation products and solutions, for about $9.8 million. BAE expects the deal to close in December. Pitch's largest customers are the Swedish Ministry of Defence, NASA, the European Aeronautic Defence and Space Co., and France's Thales. Other customers include Boeing [BA] and Japan's Mitsubishi. Pitch will enable BAE to enhance its ability to provide interoperable training and simulation solutions more cost…

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