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Armor Holdings

BAE Systems and Armor Holdings proud to link forces. BAE Systems and Armor Holdings have joined forces. Our expanded capabilities position us to better serve the men and women of our armed forces worldwide. We're now leading the way in delivering integrated defense and security solutions across land, sea and air. One of the ways we deliver advantage in the real world.

Armor Holdings deal closed; BAE Systems welcomes newest employees

Following regulatory approvals and the vote of Armor Holdings' shareholders to approve the acquisition agreement between Armor Holdings and BAE Systems, the companies recently announced the acquisition had been completed. "Day One" celebrations to welcome former Armor Holdings employees to BAE Systems and provide opportunities to meet with members of the BAE Systems leadership team are scheduled for early August at Armor Holdings’ facilities.

The definitive agreement was originally announced on May 7, 2007, when BAE Systems offered US $88 per share of outstanding Armor Holdings stock, along with the assumption of $388 million in debt, which valued the transaction at approximately $4.5 billion. Armor Holdings reported 2006 sales of $2.3 billion and a before-tax profit of $214 million.

The acquisition clearly underscores BAE Systems' stated strategy of expanding and developing its business in the U.S., expanding its global land systems business, and developing its through-life support, solutions and services activities.

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