BAE Systems First-Half Profit Rises 14% on U.S. Sales of Armored Vehicles Aug 1, 2008
The purchase added to the company's acquisition of United Defense Industries Inc., the manufacturer of the Bradley Fighting Vehicle. BAE is also expanding its homeland-security business and agreed on July 28 to pay 531 million pounds for Detica Group Plc, which makes software to support U.K. Ministry of Defence counter-terrorism operations and tax-fraud detection by the U.S. Internal Revenue Service. (Bloomberg -- UK)
Defense contractor walks a fine line Jun 27, 2008
The acquisitions of Armor Holdings in 2007 and combat vehicle maker United Defense Industries on 2005 were key to increasing BAE's position in the U.S. defense market. "Their timing was perfect," Curran said, noting they acquired two armor makers just as the military was placing an increased emphasis on body armor and armored vehicles. (AZCentral -- Business)
Italian Giant Targets Military Supplier DRS May 8, 2008
In 2005, BAE's U.S.-based division bought armored-vehicle maker United Defense Industries for about $4 billion. It followed up by buying Armor Holdings, another maker of armored vehicles, for $4. (SmartMoney)
Phoenix's BAE puts sensors in helmets Apr 16, 2008
2 billion acquisition of tank maker United Defense Industries in 2005 and its $4. 5 billion purchase of armor maker Armor Holdings Inc. in 2007. (AZCentral -- Business)
BAE upbeat at possibility of order downturn Feb 22, 2008
BAE has been building up its land systems business, buying United Defense Industries and more recently Armor Holdings in the US. The purchases have brought a string of multimillion-pound orders for upgrades to armoured fighting vehicles and for mine-resistant ambush-protected vehicles. . (Guardian Unlimited)
BAE Systems Net Drops 45% on Absence of Year-Earlier Gain From Stake Sale Feb 21, 2008
13 billion in 2005 for United Defense Industries Inc, manufacturer of the Bradley. U.S. defense spending will rise 7. (Bloomberg -- UK)
BAE snaps up MTC for $448m in US expansion Dec 24, 2007
1bn) on United Defense Industries, maker of the US Army's Bradley fighting vehicle. Earlier this month BAE won a 350m order from the US Army to rebuild and upgrade more than 1,000 of the vehicles shipped back from Iraq. (Telegraph.co.uk)
U.S. investigating BAE payoff allegations Jun 15, 2007
5 billion; in June 2005 it bought U.S. land systems specialist United Defense Industries in a $4. 2-billion transaction that made BAE Systems one of the top 10 U.S. contractors. (Los Angeles Times)
Barouski: Mining in Congo May 16, 2007
BAE bought out United Defense Industries (a company formerly owned by The Carlyle Group) in 2005. Just recently, BAE was the subject of a corruption probe in Great Britain, but Prime Minister Tony Blair and Attorney General Lord Peter Goldsmith ordered the investigation suspended. (Zmag.org)
BAE to face protests over dropped Saudi arms inquiry May 9, 2007
2bn acquisition of United Defense Industries, the manufacturer of Bradley fighting vehicles. After the deal 42% of BAE's sales will be in the US, compared with less than 40% in Britain. (Guardian Unlimited)
Defense firm OKs buyout May 8, 2007
BAE made a significant move into the U.S. defense market two years ago when it bought United Defense Industries, maker of Bradley fighting vehicles, for $4. 2 billion. (AZCentral -- Business)
BAE in $4.5bn US takeover offer May 8, 2007
The company bought US firm United Defense Industries two years ago for 2. 1bn. (BBC News -- Business)
BAE Systems to Buy Armor Holdings May 8, 2007
A deal would also be consistent with the 2005 purchase of United Defense Industries, maker of the Bradley Fighting Vehicle and other heavy tracked vehicles. That deal gave BAE a major role in the U.S. Army's multibillion-dollar program to modernize ground forces, according to the Journal report. (SmartMoney)
BAE to buy Armor Holdings for $4.1 billion May 8, 2007
Two years ago, BAE bought U.S. armored vehicle maker United Defense Industries for about $4 billion. UK-based BAE, which is expanding its military business after selling its stake in commercial planemaker Airbus , already gets about 40 percent of its sales in the United States. (San Diego Union-Tribune -- Business)
BAE will purchase Armor Holdings (Bryce Baschuk) May 8, 2007
19 billion for United Defense Industries Inc., an Arlington contractor that manufactures armored vehicles. The effectiveness of snipers and improvised explosive devices (IEDs) in Iraq have increased the U.S. military's demand for body and vehicle protection for coalition troops. (Washington Times)
Will Armor Fortify BAE's U.S. Biz? May 8, 2007
-based United Defense Industries, which makes the Bradley vehicles. That deal bolstered the company's long relationship with the U.S. military, and helped BAE in its long-stated goal of furthering its business in North America. (BusinessWeek)
BAE unit offers to buy U.S. military vehicle firm May 8, 2007
In 2005, BAE bought United Defense Industries of Arlington, Va. maker of the Bradley Fighting Vehicle, for about $4 billion. (Sunspot.net -- Business)
BAE in talks to buy Armor Holdings for $3.5 billion May 7, 2007
It has steadily built its business via acquisition according to the report, most recently in the $1 billion-plus deal for truck maker Stewart & Stevenson Services Inc. A deal would also be consistent with the 2005 purchase of United Defense Industries, maker of the Bradley Fighting Vehicle and other heavy tracked vehicles, a deal that gave BAE a major role in the U.S. Army's multibillion-dollar program to modernize ground forces, according to the report. Defense contractors have been forming... (MarketWatch)
OECD to conduct fresh bribery probe after BAE case dropped Mar 15, 2007
The group's two US-led divisions, which include the maker of the Bradley fighting vehicle, United Defense Industries, accounted for 597m of BAE's 1. 207bn profits before interest, tax and amortisation last year. (Independent)
BAE Systems profit rose in 2006 Feb 23, 2007
Earnings were boosted by a full year of contributions from U.S.-based United Defense Industries, which BAE bought for around $4 billion in June 2005. United Defense Industries makes the Bradley tank, the armored vehicle used extensively by U.S. forces in Iraq and Afghanistan. (Concord Monitor)
Movers: Healthier Nestlé reports 14% profit rise Feb 23, 2007
BAE purchased United Defense Industries, the maker of the Bradley, in June 2005 to become one of the Pentagon's largest contractors. The company completed the sale of its 20 percent Airbus stake for 2. (International Herald Tribune -- Business Asia)
BAE earnings soar to £1.2bn Feb 23, 2007
2bn, helped by a full year contribution for the former United Defense Industries, which makes the US Bradley amoured fighting vehicle. The news saw BAE shares rise almost 20p to 466. (Guardian Unlimited)
BAE Earnings Triple on Sale of Bradley Vehicles to U.S. Army, Airbus Stake Feb 22, 2007
BAE purchased United Defense Industries Inc., the maker of the Bradley, in June 2005 to become the Pentagon's seventh- biggest contractor. The Bradley vehicles are used by U.S. troops in Iraq. (Bloomberg -- UK)
BAE Systems profits rise, boosted by expanding U.S. operations Feb 22, 2007
The results reflected the first full year of BAE's ownership of United Defense Industries Inc., based in Arlington, Virginia. BAE acquired the company, which makes the Bradley Fighting Vehicle, in June 2005. (International Herald Tribune)
US demand helps BAE Feb 22, 2007
Chief executive Mike Turner bolstered defence contractor's presence in the key US market with the acquisition in 2005 of competitor United Defense Industries. BAE, like other defence businesses, has been benefiting as the US has stepped up military spending. (Telegraph.co.uk)
