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Tuesday, September 28, 2010

Defense contractors on offensive



Defense Contractors On Offensive -- Washington Post

Washington area defense contractors are buying and selling companies at an increasingly high rate as they seek to position themselves for a realignment in Pentagon spending priorities.

BAE Systems, which bases its U.S. operations in Arlington County, is the latest to make some changes. The company recently picked up Stamford, Conn.-based L-1 Identity Solutions's intelligence services business for $295.8 million, just as its parent company confirmed it is considering selling the U.S.-based "platform solutions" business, which builds aircraft and buses, among other equipment.

Read more ....

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/26/AR2010092602695.html

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