24th Apr 2015 06:20
LONDON (Alliance News) - Defence and aerospace group BAE Systems PLC on Friday said it has started a review of part of its US Intelligence and Security business after seeing a number of expressions of interest in the unit.
FTSE 100-listed BAE said its manpower and services businesses within the US Intelligence and Security arm, which spans technical, mission and IT support services and which predominantly serves the US government, has generated external interest and a number of enquiries.
As a result, BAE has hired external adviser to back a strategic review of the business.
The review does not include the technology or product-focused geospatial intelligence business of I&S, or BAE's cyber security and intelligence business, BAE Systems Applied Intelligence.
BAE said there is no certainty a transaction will occur.
By Sam Unsted; [email protected]; @SamUAtAlliance
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