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Share Name Share Symbol Market Type Share ISIN Share Description
Bae Systems LSE:BA. London Ordinary Share GB0002634946 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 534.50p 534.50p 535.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 16,787.0 1,090.0 29.0 18.4 16,964.83

Disposal

02/05/2012 12:36pm

UK Regulatory (RNS & others)


BAE Systems (LSE:BA.)
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RNS Number : 5916C

BAE SYSTEMS PLC

02 May 2012

BAE Systems agrees sale of Safariland business

2 May 2012

BAE Systems has entered into an agreement for the sale of its Safariland, LLC business to a newly formed acquisition vehicle affiliated with Kanders & Company, Inc. for cash consideration of approximately $114 million. The Safariland business is headquartered in Ontario, California, and operates across five sites in the US and Mexico and had 2011 sales of $206.2 million. The business employs approximately 1,700 people who design and manufacture innovative, high-quality protective products for law enforcement and security customers worldwide.

The sale of the Safariland business is conditional, among other things, upon certain regulatory approvals, and is expected to close in the second or third quarter of 2012.

Issued by:

BAE Systems plc

London

This information is provided by RNS

The company news service from the London Stock Exchange

END

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