SOURCE: AutowiredDoubt 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.