16th Apr 2008 12:04
BAE SYSTEMS PLC16 April 2008 BAE Systems Acquires IST Dynamics BAE Systems Land Systems South Africa has today agreed to acquire the businessand assets of IST Dynamics, a privately held company owned by the Ethos group ofcompanies. IST Dynamics is based in Pretoria, South Africa, and specialises in thedevelopment of fire directing systems, remotely controlled turrets, weaponstations and related fire control sub-systems and products and fire controlsub-systems-related training systems. The business has 52 employees. The IST Dynamics business generated sales of £4.8 million with a profit beforetax of £0.4 million in the year ended 29 February 2008 on gross assets of £5.2m. Completion is subject to obtaining all regulatory approvals. Issued by : BAE Systems, London This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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