Disposal

RNS Number : 0266F

BAE SYSTEMS PLC

08 June 2012

 



BAE Systems - sale of assets of BAE Systems Tensylon High Performance Materials Inc. business

8 June 2012

BAE Systems has entered into an agreement for the sale of the assets comprising its BAE Systems Tensylon High Performance Materials Inc. ("Tensylon") business to E. I. du Pont de Nemours and Company for cash consideration of $18 million.  The business develops and manufactures a leading 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.

Issued by:

BAE Systems plc

London

 

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