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BAE Systems completes $275 million airborne tactical radios deal

Reuters
Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain

LONDON (Reuters) - British defence company BAE Systems <BAES.L> said it had completed the acquisition of Raytheon's airborne tactical radios business, paying $275 million (221.1 million pounds) out of existing cash resources to finalise the deal announced in January.

BAE announced the acquisition of the radio business plus a larger military-focused GPS unit for a total of $2.2 billion three months ago. Both were sold as a result of the merger of its U.S. rivals Raytheon <RTX.N> and United Technologies.

(Reporting by Sarah Young, Editing by Paul Sandle)