BAE Systems To Sell Tensylon Business To DuPont For $18 Mln - Quick Facts

BAE Systems Appoints Frank Ruggiero SVP, Government Relations

BAE Systems Awarded US Army Contract To Produce Explosives

BAE Systems FY12 Profit Down, Sees Growth In FY13; To Buy Back Upto GBP 1 Bln

BAE Systems 2012 Profit Slips - Quick Facts

Trade BA.L now with

6/8/2012 11:52 AM ET

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: editorial@rttnews.com

Business News

Quick Facts

<<Previous 188 Articles Next>>

Editors Pick

Autodesk Results Miss Estimates; Cuts Outlook

Design software maker Autodesk, Inc. (ADSK) Thursday reported a 30 percent decline in earnings from last year, hurt by lower revenue and weaker margins. The company's quarterly earnings per share, excluding items, came in below analysts' expectations as did its quarterly revenue. At the same time,...

Dell Profit Drops 79% On Sluggish PC Demand

Struggling PC maker Dell Inc. said Thursday after the markets closed that its first quarter profit dropped 79% from last year, as revenue declined and margins deteriorated amid sluggish demand for personal computers. The company's quarterly earnings per share, excluding items, also came in way below analysts' expectations, but its quarterly revenue beat analysts' forecast.

Cisco Results Top Estimates

Cisco Systems, Inc., the world's largest computer networking gear maker, said Wednesday after the markets closed that its third quarter profit rose 14.5% from last year, helped by higher sales and a tax benefit. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales.