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BAE completes acquisition of Collins GPS business


Corridor Business Journal: BAE Systems today announced it has completed the acquisition of the Collins Aerospace’s military global positioning system business based in Cedar Rapids and Coralville from Raytheon Technologies Corp. The $1.93 billion acquisition had been announced in January as part of a divestiture required to secure antitrust approvals for the merger of Raytheon Corp. with United Technologies Corp. that formed Raytheon Technologies. BAE also acquired Raytheon’s tactical airborne radio business in the deal.

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