Defense Contractors on Offensive
(Washington Post) — Washington area defense contractors are buying and selling companies at an increasingly high rate as they seek to position themselves for a realignment in Pentagon spending priorities.
BAE Systems, which bases its U.S. operations in Arlington County, is the latest to make some changes. The company recently picked up Stamford, Conn.-based L-1 Identity Solutions’s intelligence services business for $295.8 million, just as its parent company confirmed it is considering selling the U.S.-based “platform solutions” business, which builds aircraft and buses, among other equipment.
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