United States Department of Defense

DEFENSE DEPARTMENT COMPLETES REVIEW OF BRITISH AEROSPACE ACQUISITION OF GEC MARCONI ELECTRONIC SYSTEMS

The Department of Defense today informed the Department of Justice that it has completed its review of the acquisition of GEC Marconi Electronic Systems by British Aerospace (Bae) plc. An interim agreement reached among the parties is designed to ensure competition and innovation in two joint U.S./U.K. defense procurements and ultimately will be replaced by final undertakings in accordance with applicable United Kingdom legal procedures.

The cooperative spirit demonstrated by U.S. and U.K. authorities is an important example of the role allied governments can play in facilitating beneficial transatlantic industrial collaboration and integration.