THE TELEGRAPH: BAE Systems is shrugging off concerns about the US fallout from corruption allegations involving Saudi Arabia and driving deeper into the huge American defence market.
The British defence giant has agreed to pay $4.1bn (£2bn) cash to buy Armor Holdings, the military vehicle manufacturer that also provides armour plating for the Humvee and other front-line transporters.
BAE plans to raise £750m selling new shares to pay for Armor.
A successful takeover would increase turnover in the US from 36pc to 42pc of the group total and catapult BAE into sixth place in the Pentagon's list of major suppliers of military hardware. BAE drives deep into US (Read on) By Roland Gribben
Mark Alexander
