BAE Systems says completes Armor takeover

(Reuters) - "The acquisition expands the company's business in the United States and strengthens BAE Systems' position as one of the world's leading land systems businesses," BAE said in a statement to the London Stock Exchange.



BAE announced the transaction valued at $4.53 billion on May 7. Armor makes wheeled military vehicles and vehicle and individual armour systems.


Read more at Reuters.com Mergers News

U.K. Benchmark FTSE 100 Drops, Led by BAE Systems and Cadbury Schweppes

(Bloomberg) -- U.K. stocks fell. BAE Systems Plc,
Europe's biggest weapons maker, headed for its steepest drop in 4
1/2 years after saying the U.S. started a probe into the
company's compliance with anti-corruption laws.

The benchmark FTSE 100 Index lost 12.6, or 0.2 percent, to
6575.8 as of 11:38 a.m. The FTSE All-Share Index fell 7.54, or
0.2 percent, to 3390.84. Ireland's ISEQ Index slipped 58.83, or
0.6 percent, to 9325.78.


Read more at Bloomberg Stocks News