BAE Systems Unit to Buy DigitalNet
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BAE Systems North America announced a deal Saturday to acquire Herndon-based DigitalNet Holdings Inc. for $595 million in cash, pushing it further into the growing government information technology market.
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BAE Systems is set to take on 1,000 new workers, in part to help it cope with a Â£6bn deal to supply jets to Saudi Arabia.
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Shares of Herndon-based government information technology contractor DigitalNet gained as much as 27 percent in Monday trading, after a weekend buyout offer from BAE Systems.
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BT Group Plc will buy Infonet Services  Corp for $965 million in cash, giving Britain's top fixed-line  telecoms company 1,800 multinational corporate clients and an  expanded presence in the United States and Asia.
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The software giant says it is buying Tellme Networks in a deal believed to be in the range of $800 million.
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Cobham, the niche defence and aerospace supplier, has bought Remec Defense &amp; Space, a company that specialises in battlefield communications equipment, for $260m from the Remec group.
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TELECOMS group BT will bid this week for a Â£4bn Ministry of Defence contract to stitch together IT systems for Britain&#39;s armed forces.
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Defence firm BAE is to sell its 20% stake in plane firm Airbus to EADS for Â£1.87bn.
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DEFENCE giant BAE Systems was yesterday preparing to play a more central role in the war on terror after acquiring a leading IT supplier to the Pentagon.
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Honeywell International Inc., the aerospace and high-tech manufacturer, is offering about 900 million pounds ($1.7 billion) to buy British industrial holding company Novar PLC and Novar&#39;s board is backing the offer, the two companies said Monday.
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British bus and train operator FirstGroup PLC said Friday it agreed to buy U.S.-based bus company Laidlaw International Inc. in a 1.9 billion pound ($2.7 billion) deal.
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Electronic publisher Thomson Corp. said Friday that it signed a definitive agreement to purchase KnowledgeNet Inc., a privately held e-learning company, and merge it with the company&#39;s business education unit, Thomson NETg.
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BAE Systems, the UK&#39;s largest defence contractor, has expanded further in the United States with the $600m (Â£489m) acquisition of DigitalNet Holdings, a leading IT supplier to the Pentagon.
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German engineering conglomerate Siemens has won an outsourcing contract from the BBC worth 2.7 billion euros (&#36;3.3 billion) and will acquire the broadcaster's information technology unit, it said on Friday.
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Honeywell International Inc., the world&#39;s largest maker of cockpit electronics, agreed to buy Novar Plc of the UK for 798 million pounds ($1.53 billion) to expand in building products such as security, fire and ventilation systems.
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BAE Systems makes its latest move into the US, agreeing to buy military support services provider MTC Technologies.
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BAE Systems acquires a US firm which provides computer and IT systems to the US defence department.