FONT-SIZE Plus   Neg

BAE Systems, Inc. Elects Michael Chertoff As Chairman Of Board For 3-yr Term

BAE Systems Inc. said former Secretary of Homeland Security and current board member Michael Chertoff was elected as the new Chairman of the BAE Systems, Inc. Board of Directors for a three-year term beginning May 1. He succeeds Anthony Zinni, whose term as Chairman of the BAE Systems, Inc. Board of Directors concludes this month. Zinni will remain as an outside director on the board through April 2014.

BAE Systems, Inc., a U.S. corporation, operates under a Special Security Agreement among the U.S. Government, BAE Systems, Inc. and BAE Systems plc (BA.L).

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT