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5/2/2012 8:41 AM ET

BAE Systems Plc (BA.L) said it has entered into an agreement for the sale of its Safariland, LLC business to a newly formed acquisition vehicle affiliated with Kanders & Co., Inc. for cash consideration of around $114 million.

The sale of the Safariland business is conditional, among other things, upon certain regulatory approvals, and is expected to close in the second or third quarter of 2012, BAE Systems noted.

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