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Doubt over BAE's offer to buy Humvee maker



DEFENCE GROUP, BAE Systems has made a £2.1bn offer to buy Armor Holdings in the US, the maker of the US Army's Humvee vehicle.

Two years ago, BAE bought US armoured vehicle maker, United Defense Industries.

Analysts, however, are unsure whether the deal will be blocked by the Department of Defense and Congress. At the time that the UK's Serious Fraud Office dropped its probe into allegations that BAE bribed Saudi officials for lucrative arms deals, the US issued a formal diplomatic protest to the British Government over the decision to scrap the investigation.

There is mounting speculation that the US Department of Justice may stage its own inquiry which would put any deal to buy Armor on ice.

Armor owns the UK-based military vehicle-maker, Pinzgauer.
SOURCE: Autowired
 

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Originally Posted by dentricrio: If BAE didnt sell Rover they could have produced a military Land Rover, or is BAE systems not the same people?
They are, BAE Systems Plc. resulted from the merger of British Aerospace and Marconi Electric Systems.
 

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Well you can't blame the American government for watching their own backs, BAESystems are slowly swallowing up the lucrative players in the American defence industry and you can tell the Yanks don't like it.

If only we shared the same view.

It's a shame that one of the UK's most successful industries is one that deals in arms.
 
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