BAE Systems locates share surge through £1.5bn GPS deal | Business News | Sky News

You have to go back 15 years to find an acquisition as large as the one BAE Systems announced on Monday.

The company said it was buying the military Global Positioning Systems (GPS) of Collins Aerospace, the US defence contractor, for $1.93bn (£1.5bn).

BAE is also paying a further $275m for a leading airborne tactical radios business from Raytheon.

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