United Defense Industries, maker of the Bradley Fighting Vehicle, said the Committee on Foreign Investment in the United States has approved the proposed $3.97 billion purchase of the company by BAE Systems, Europe's biggest defense firm. The committee comprises representatives from the Treasury, Defense, State, Justice, Homeland Security and Commerce departments, as well other agencies. The purchase, announced March 7, would be the biggest ever of a U.S. defense supplier by a foreign firm. The transaction is expected to close by midyear, Arlington-based United Defense said in a statement. The Justice Department is still conducting an antitrust review of the deal.
General Dynamics said it received an Army order valued at $138 million to build more of the Stryker troop transports used in Iraq. The 99 additional vehicles will be delivered in 2006 and 2007, company spokeswoman Rae Higgins said in an interview with Bloomberg News. The award brings the number of Strykers ordered in the current fiscal year to 675. Falls Church-based General Dynamics received the original $4 billion contract to build more than 2,100 Stryker vehicles in November 2000. The new order is in addition to the original contract, Higgins said. So far, more than 1,000 Strykers have been delivered.
BAE Systems' Technology Solutions sector of Rockville won a $58 million contract from the Navy's Space and Naval Warfare Systems Center, of Charleston, S.C., to provide technical services for security and Anti-Terrorism-Force Protection systems at government facilities worldwide. The contract could be worth up to $314 million if all four one-year options are exercised.
ManTech International of Fairfax won a five-year, $23.9 million contract to provide security services to the State Department's Bureau of Information Resource Management.
Compiled from reports by Washington Post staff writers and Bloomberg News.