Home/M&A Activity/BAE Systems Completes $1.9B Acquisition of Raytheon Technologies' GPS Business; John Watkins, Greg Wild Quoted
BAE Systems Completes $1.9B Acquisition of Raytheon Technologies' GPS Business; John Watkins, Greg Wild Quoted
Sarah Sybert July 31, 2020	M&A Activity, News, Press Releases
BAE Systems has completed its $1.93 billion acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies, adding new experience, technology and installed base of products to the company, BAE Systems reported on Friday.
"Today marks the culmination of a tremendous team effort, and we are extremely proud to welcome the Military GPS employees to our company," said John Watkins, vice president and general manager of Precision Strike & Sensing Solutions at BAE Systems. "Together, we will build on our rich histories of providing superior, innovative capabilities to help protect our U.S. and allied warfighters."
BAE Systems announced its acquisition of Collins' GPS business in Jan. 2020. The purchase has included a high-quality, technology-based business that will augment the existing BAE Systems Electronic Systems portfolio through Collins' GPS anti-jamming and anti-spoofing technology.
The augmentation will provide reliable navigation and guidance for a range of defense missions. Collins' Military GPS business will add a workforce of approximately 700 employees. The acquired business has a global installed base with more than 1.5 million devices on approximately 280 airborne, ground and weapon system platforms.
Collins' Military GPS business has designed and produced advanced, hardened and secure GPS products with a range of form factors, including products designed for space-constrained and harsh environments.
The company has also begun developing next-generation GPS technologies for the U.S. military, including M-Code, that will further improve security and anti-jamming capabilities for critical defense applications.
"This partnership will enable us to build on our market leadership and bring new discriminating capabilities to our customers, including the U.S. Department of Defense and its allies," said Greg Wild, director of Military GPS. "We're excited to be joining the BAE Systems family. They appreciate our legacy of innovation and will provide opportunities for continued business growth and success."
About BAE Systems
A career at BAE Systems will ignite your passion to improve security, defend freedom and make the world a safer place. BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, an international defense, aerospace and security company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.
Tags acquisition BAE Systems collins aerospace Executive Mosaic ExecutiveGov govcondaily GPS gps military greg wild john watkins M&A merger news press releases raytheon technologies watkins wild
The Japanese government has inked an agreement with NASA to provide capabilities to sustain the habitation module of the agency's Gateway orbital outpost as part of the Artemis program. Gateway is designed to support scientific research efforts and function as a rendezvous point for astronauts that will fly to the Moon via the Space Launch System and the Orion spacecraft.
Former Jacobs Exec Kent Wilcher Joins LinQuest as SVP, Chief Growth Officer
Executive Order Aims to Spur Microreactor Tech Adoption for Space, Defense Missions
Former USMC Exec Kenneth Bible Named DHS CISO
RT @aerovironment: By acquiring Arcturus UAV, @aerovironment will drive profitable growth and value by expanding into attractive adjacent s…34 mins ago
RT @aerovironment: @aerovironment looks forward to working with the talented team at Arcturus UAV as we combine our highly complementary pr…44 mins ago
RT @aerovironment: Through this transaction, we will leverage leading technology across both organizations to create a one-stop shop for cu…54 mins ago