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BAE | Electronics - General | Mergers & Acquisitions | Other Corporation | Radars | USA

BAE Sells Radar Subsystems Provider to Cobham

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In late December 2007, BAE Systems signed a definitive agreement to sell its Surveillance and Attack business in Lansdale, PA to Cobham Defence Electronic Systems Corporation, for $240 million on a debt and cash free basis, payable on completion. The goodwill arising on completion is an allowable tax expense with an estimated net present value […]

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