M&A Deal Summary

BAE System Acquires Raytheon Technologies - Collins Aerospace Military Global Positioning System Business

On July 31, 2020, BAE System acquired technology hardware company Raytheon Technologies - Collins Aerospace Military Global Positioning System Business from RTX

Acquisition Highlights
  • This is BAE System’s 3rd transaction in the Technology Hardware sector.
  • This is BAE System’s 16th transaction in the United States.
  • This is BAE System’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2020-07-31
Target Raytheon Technologies - Collins Aerospace Military Global Positioning System Business
Sector Technology Hardware
Buyer(s) BAE System
Sellers(s) RTX
Deal Type Divestiture

Target

Raytheon Technologies - Collins Aerospace Military Global Positioning System Business

Farmington, Connecticut, United States
Raytheon Technologies Corp. - Collins Aerospace Military Global Positioning System (GPS) Business designs and produces advanced, hardened, and secure GPS products with a range of form factors, including products designed for space-constrained and harsh environments.

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Buyer(S) 1

Buyer

BAE System

Camberley, United Kingdom

Category Company
Founded 1970
Sector Defense
Employees99,800
Revenue 23.1B GBP (2023)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.


DEAL STATS #
Overall 21 of 27
Sector (Technology Hardware) 3 of 4
Type (Divestiture) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 16 of 17
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Collins Aerospace - Global Positioning System & Raytheon’s Airborne Tactical Radios Business.

West Palm Beach, Florida, United States

Collins Aerospace - GPS business is a longstanding provider of mission-critical military GPS receiver solutions and has been a pioneer in military GPS receiver markets for over 40 years. Raytheon’s Airborne Tactical Radios Business is a provider of airborne tactical radio solutions. ATR business designs manufacture and supply a wide array of mission-critical communication systems to the U.S. Department of Defense, allied governments, and large defense aircraft manufacturers.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Techmodal

Bristol, United Kingdom

Techmodal Ltd. is a consultancy and technology company. Techmodal offers data-driven decision support by analysing customer data differently, uncovering new and valuable insight to support critical business decisions. Techmodal was established in 2005 and is based in Bristol, United Kingdom.

Buy -

Seller(S) 1

SELLER

RTX

Arlington, Virginia, United States

Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.


DEAL STATS #
Overall 17 of 18
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 15 of 16
State (Connecticut) 5 of 6
Country (United States) 15 of 16
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 Raytheon Technologies - Space-Based Precision Optics Business

Danbury, Connecticut, United States

Raytheon Technologies Corp. - Space-Based Precision Optics Business is a technology provider of precision electro-optical systems for National Security Space missions and defense survivability needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Blue Canyon Technologies

Boulder, Colorado, United States

Blue Canyon Technologies, Inc. is a vertically integrated spacecraft manufacturer supporting nearly 40 unique missions with over 70 spacecraft. Blue Canyon Technologies was founded in 2008 and is based in Boulder, Colorado.

Buy -