Newspaper article The Journal (Newcastle, England)

US Step for BAE Systems; in Association with RBS

Newspaper article The Journal (Newcastle, England)

US Step for BAE Systems; in Association with RBS

Article excerpt

Byline: By Peter McCusker

DEFENCE giant BAE Systems has taken a new step into the US market with the acquisition of military support services firm MTC Technologies.

BAE is paying EUR448m (pounds 225.9m) including debt for the Ohio-based business, which provides technical support to the country's air force and army.

The deal follows a major expansion of BAE's US presence in May when it agreed to buy military vehicles and body armour manufacturer Armor Holdings for pounds 2.3 billion.

MTC also works for the US intelligence agencies and its contracts cover areas including research, development, engineering, program management and information technology.

BAE Systems said the deal came amid "significant opportunities" for growth among businesses offering support services across the US military.

It plans to merge the business, which has 2,900 employees, with its current customer solutions business, based in Arlington, Virginia.

The company added: "The combination of MTC with BAE Systems is an outstanding fit with very complementary offerings, and will position the organisation to bring proven capabilities to a broader spectrum of customers. …

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