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BAE Systems has reached an agreement for the proposed sale of its Composite Structures business in Brea, California, to EnCore Composites Holdings.
“The decision to sell the Composite Structures business was made to better align the company’s strategic objectives and business portfolio,” said Frank Pope, President of BAE Systems Land & Armaments.
BAE Systems acquired the Composite Structures business through its purchase of United Defence in 2005. The proposed sale is expected to close during the second or third quarter of 2011.
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