31st Jan 2006 14:05
BAE SYSTEMS PLC31 January 2006 BAE Systems agrees sale of AEROSTRUCTURES 31 January 2006 BAE Systems has today agreed the sale of its Aerostructures business, thePrestwick-based company, to Spirit AeroSystems Inc. for a cash consideration of£80m. Aerostructures provides major airframe structures solutions for a number ofcustomers, including Airbus, Boeing and Raytheon. The business employsapproximately 830 people. In 2005, Aerostructures had sales of £207m, generating EBIT of £7.4m. Completion of the sale is conditional upon, amongst other matters, regulatoryapproval being given and is expected to take place in first half of 2006. Issued by BAE Systems plcLondon This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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