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Business/Financial

BAE To Acquire Select Ship Repair Operations of Atlantic Marine

DDN

Wednesday, May 19th, 2010

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By Calvin Biesecker BAE Systems yesterday said it has agreed to acquire four ship repair operations located in the southern United States and operated by Atlantic Marine Holding Co. from J.F. Lehman & Company for $352 million in cash, expanding its footprint and capabilities in the naval ship repair and sustainability market. The Atlantic Marine operations that BAE would be acquiring are located in Mayport and Jacksonville, Fla., Mobile, Ala., and Moss Point, Miss. The Jacksonville site is adjacent to…

Army

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