logo
Share SHARE
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

Editors Pick
PayPal has agreed to buy Xoom, a digital money transfer provider, for $890 million in cash. Following the announcement, Xoom shares jumped 22 percent in after-hours trade on the Nasdaq. Discount retailer Family Dollar Stores Inc., which is being acquired by rival Dollar Tree Inc., said Wednesday after the markets closed that its third quarter profit fell slightly from last year, due mainly to a higher effective tax rate. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations. Most of the major automakers, except General Motors Co. (GM), Wednesday reported improved sales results for June, as strong sales of trucks and SUVs continued to help offset weak car sales. Nonetheless, GM's June U.S. sales dropped 3 percent to 259,353 units from 267,461 units last year. The drop...
comments powered by Disqus
RELATED NEWS
Trade BA.L now with 
Follow RTT