BAE Systems Plc. (BA.L) said it has entered into an agreement for the sale of the assets comprising its BAE Systems Tensylon High Performance Materials Inc. business to EI DuPont de Nemours & Co. (DD: Quote), commonly called DuPont for cash consideration of $18 million.
The business develops and manufactures a protective material trademarked Tensylon, which has both ballistic armour and commercial applications.
The sale of the Tensylon business assets is expected to close in the third quarter of 2012.
Click here to receive FREE breaking news email alerts for BAE Systems PLC and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org