trending Market Intelligence /marketintelligence/en/news-insights/trending/A3keoaSx16UxfBV1LYDmYQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BAE to buy Raytheon's radios business, Collins Aerospace GPS unit for $2.2B

US Operators Bolster Downward Trajectory for US Cable Capex Forecast

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

CUSIP Requests Surge in September Led by Higher Corporate and Municipal Totals

BAE to buy Raytheon's radios business, Collins Aerospace GPS unit for $2.2B

British defense, aerospace and security company BAE Systems PLC said it agreed to purchase Rockwell Collins Aerospace & Electronics Inc.'s global positioning system business for about $1.93 billion and Raytheon's airborne tactical radios business for $275 million in all-cash transactions.

BAE Systems expects tax benefit of $365 million from the acquisition of the global positioning system business, while the purchase of airborne tactical radios business is expected to yield tax benefit of $50 million.

The company said it would raise new external debt to fund the acquisition from Rockwell Collins and use existing cash to fund the deal with Raytheon.

The closure of both transactions is subject to the completion of the merger between Raytheon Co. and United Technologies Corp. and customary regulatory conditions.

The two businesses, which will be integrated into BAE's electronic systems division, are expected to be immediately accretive to earnings and cash, and achieve return on invested capital that surpasses cost of capital in the first full year after the deal's closing.

BAE anticipates revenues of approximately $359 million and adjusted EBITDA of approximately $127 million from the global positioning system business in 2020, and revenue compound annual growth rate is expected to surpass 10% over the following four years.

In addition, the airborne tactical radios business is expected to yield revenues of approximately $125 million in 2019.