BAE Systems sets sights on global combat vehicles market

WASHINGTON, 24 June 2005. BAE Systems completed its acquisition of United Defense Industries Inc., and is creating a global combat vehicles systems house to be based in the United States.

WASHINGTON, 24 June 2005. BAE Systems completed its acquisition of United Defense Industries Inc., and is creating a global combat vehicles systems house to be based in the United States.

BAE is merging its existing land systems activities in the United Kingdom, Sweden, and South Africa with United Defense to form the Arlington, Va.,-based BAE Systems Land and Armaments operating group, which will provide integrated battlefield systems, military vehicles, artillery, naval guns, missile launchers and precision munitions.

The company agreed to acquire United Defense last March for nearly $4.2 billion. United Defense had sales in 2004 of nearly $2.3 billion. Notable United Defense products include the M2A3 Bradley Fighting Vehicle and the M109A6 Paladin 155 mm self-propelled howitzer.

For more information contact BAE Systems online at www.na.baesystems.com.

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