Britain’s BAE Systems yesterday said it has agreed to acquire the Virginia-based Naval ship repair firm Marine Hydraulics International Inc. (MHI), a deal that further expands it capacity and expertise in ship repair business. BAE is paying $69 million in cash for MHI, which is based in Norfolk, Va., home of the Navy’s Fleet Forces Command. MHI had $113 million in sales last year. Once the deal closes, which is expected to occur in the first quarter of 2013, MHI…
BAE To Acquire Ship Repair Firm MHI
Defense Daily Staff
SHARE:
