GEC plays down more US defence bids

GEC plays down more US defence bids
Richard Ball
GEC is playing down reports that it has made bids to acquire several million dollars worth of defence electronic businesses from Lockheed Martin and Northrop Grumman.
‘Lord Simpson said at the time of the Tracor announcement that GEC would look at these acquisitions,’ a GEC spokesperson told EW. But the two US companies are involved in a merger, and are only likely to auction off some of their defence business if the merger goes ahead. US regulatory approval for that deal is not due until later this year, forcing GEC to wait.
If Lockheed and Northrop do merge, and are forced to sell some assets, GEC could become the world leader in airborne early-warning radar and aircraft anti-missile defence.


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