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BAE Systems to acquire United Defense BAE Systems, Britain's biggest defense contractor, said yesterday that it is acquiring United Defense Industries Inc., an Arlington-based builder of combat vehicles, artillery and naval guns. The $4 billion deal secures BAE's place as the Pentagon's leading foreign defense contractor and marks one of the largest acquisitions of a U.S. defense firm by a foreign company. BAE Systems North America, BAE's Rockville-based subsidiary, will formally make the acquisition. The company designs, manufactures and maintains military aircraft, submarines, surface ships and their systems. United Defense, in business since World War II, makes combat vehicles such...

Europe's biggest defense company, BAE Systems, agreed to buy U.S. firm United Defense Industries for $3.97 billion in cash Monday, bolstering its land systems business and its foothold in the United States. BAE said it would pay $75 a share for the maker of the Bradley Fighting Vehicle, a premium of 29 percent over United Defense's (Research) close of $58.26 on Friday.

BAE Systems to buy UDI for $4.2 bln Largest transatlantic defense deal in recent years By Aude Lagorce, MarketWatch Last Update: 3:35 AM ET March 7, 2005 LONDON (MarketWatch) -- BAE Systems, Europe's largest defense contractor, said Monday it has an agreement to buy United Defense Industries, the Bradley tank maker, for $3.97 billion in cash and $218 million in debt assumption. The deal values Arlington, Va.-based United Defense Industries, Inc., (UDI: news, chart, profile) which also makes artillery systems, naval guns and missile launchers, at $75 a share, setting a 29 percent premium to the UDI close Friday at...

BAE Systems, the British military contractor, reached a deal to acquire United Defense Industries for about $4 billion last night, according to executives close to the deal. United Defense, maker of the Bradley Fighting Vehicle, had been put up for auction several months ago, the executives said. BAE appears to have beaten several other rivals, including Northrop Grumman, for control of United Defense. The deal is expected to be announced today, the executives said. Such a combination would further accelerate trans-Atlantic alliances between United States and British military contractors. BAE Systems already has an $18.9 billion partnership with Lockheed Martin...

Source: United Defense Industries, Inc. Surplus Army Vehicles Find New Life in Era of Homeland Security United Defense Supports Calhoun County Sheriff's Receipt of Tactical Command Post Vehicle ANNISTON, Ala.--(BUSINESS WIRE)--Feb. 16, 2004--Did you ever wonder what happens to excess Army tracked vehicles? United Defense Industries, Inc. (NYSE:UDI - News) is supporting a unique solution that supports local law enforcement and Homeland Defense needs. It converts surplus military vehicles into domestic law enforcement units for special situations. The Calhoun County Sheriff's Office in Alabama will soon receive the first of two 12-ton Tactical Command Post Vehicles for its Emergency Services...

<p>Sharing the stage with a high-tech armored vehicle, President Bush took aim at the recession Friday before an audience of defense workers in Santa Clara, imploring Congress to pass "a bold economic recovery package so people can find work."</p> <p>"The unemployment number is now at 6 percent," Bush said, citing new jobless figures in his speech before 1,800 people at United Defense, the Santa Clara developer of the Bradley fighting vehicle. "(That) number should say loud and clear to members of both political parties in the United States Congress, we need robust tax relief."</p>