BAE sells US armoured vehicle business

BAE Systems said it had sold off its Commercial Armoured Vehicles business for 10 million dollars.

BAE Systems said it had sold off its Commercial Armoured Vehicles business for 10 million dollars.

The defence giant has sold the Ohio-based firm for cash to homeland security and counter-terrorism company, the O'Gara Group.

The business, which recorded sales of $58m in 2011, manufactures and integrates armour systems, including transparent armour, for military applications and commercial armoured vehicles.

The sale is expected to complete in the fourth quarter of 2012.

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