BAE Systems to sell composites business to EnCore Composites Holdings

BAE's Composites Structures business, in Brea, Calif., has been acquired by EnCore Composites Holdings for $32.5 million.

BAE Systems (London, U.K.) announced on May 24 that it has reached an agreement for the proposed sale of its Composite Structures business in Brea, Calif., USA, to EnCore Composites Holdings Inc. for $32.5 million.

“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 Defense in 2005. Composite Structures designs and manufactures complex, highly-engineered composite components and assemblies that are primarily used on commercial and defense aerospace platforms.

The proposed sale is expected to close during the second or third quarter of 2011.