{"id":196193,"date":"2008-05-18T06:16:00","date_gmt":"2008-05-18T11:16:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/18\/was-baes-purchase-of-united-defense-the-beginning-of-a-trend\/"},"modified":"2008-05-18T06:16:00","modified_gmt":"2008-05-18T11:16:00","slug":"was-baes-purchase-of-united-defense-the-beginning-of-a-trend","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/18\/was-baes-purchase-of-united-defense-the-beginning-of-a-trend\/","title":{"rendered":"Was BAE&#8217;s Purchase of United Defense the Beginning of a Trend?"},"content":{"rendered":"<p>When I was working at United Defense<sup>*<\/sup>, the Carlyle Group sold it to the UK firm BAE, and used the proceeds to buy Dunkin Donuts.<\/p>\n<p>BAE paid a significant premium in order to buy UD, because they saw it as an entry point into the US defense market.<\/p>\n<p>Well, <a href=\"http:\/\/www.aviationweek.com\/aw\/blogs\/defense\/index.jsp?plckController=Blog&amp;plckScript=blogScript&amp;plckElementId=blogDest&amp;plckBlogPage=BlogViewPost&amp;plckPostId=Blog%3A27ec4a53-dcc8-42d0-bd3a-01329aef79a7Post%3A5ad87bd1-c6d1-49f1-a3bd-314650c8562a\">Finmeccanica  has now purchased the defense electronics firm DRS Technologies<\/a>at a 32% premium for what appears to be much the same reason.<\/p>\n<p>I believe that we will see more of this, particularly with the dollar weak, as the US now spends more on its military than the rest of the world combined.<\/p>\n<p>Additionally, we will see many more of the joint ventures of the type that EADS and Northrop Grumman have entered into for the tanker competition.<\/p>\n<p><sup>*<\/sup><span style=\"font-size: 78%;\">Yes, I have worked everywhere. Maybe I can&#8217;t hold down a job, but more likely this has been my role as &#8220;technical hit man&#8221;, where you are parachuted in to take care of a specific need.<br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When I was working at United Defense*, the Carlyle Group sold it to the UK firm BAE, and used the proceeds to buy Dunkin Donuts. BAE paid a significant premium in order to buy UD, because they saw it as an entry point into the US defense market. Well, Finmeccanica has now purchased the defense &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1211,1016],"tags":[],"class_list":["post-196193","post","type-post","status-publish","format-standard","hentry","category-business","category-defense","category-international-commerce"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196193"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196193"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}