BAE Systems completes deal for Collins Military GPS business
BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies.
The Military GPS business now operates within the Electronic Systems sector of BAE Systems.
The $1.93 billion deal was funded from new external debt, BAE Systems announced on 31 July.
Based in Cedar Rapids and Coralville, Iowa, with a workforce of approximately 700 employees, the Military GPS business has a global installed base of more than 1.5 million devices on more than 280 airborne, ground, and weapon system platforms.
It designs and produces advanced, hardened, and secure GPS products with a range of form factors, including products designed for space-constrained and harsh environments. It is also developing next-generation GPS technologies for the U.S. military – including M-Code – that will further improve security and anti-jamming capabilities for critical defence applications.
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