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$495.00
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Provider: Market Edge
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DuPont Buys BAE Systems plc's Unit-Reuters
Reuters reported that DuPont had acquired a unit of Britain's BAE Systems plc and taken a minority stake in a U.S. high-technology start up, Nanocomp Technologies Inc, to expand its portfolio of high-performance protection materials. DuPont, maker of Kevlar and other advanced materials, will acquire Tensylon from BAE Systems for $18 million in cash. Tensylon makes a trademarked protective material that has both ballistic armor and commercial applications. BAE said it expected the sale to close in the third quarter of 2012.
Latest Developments for E. I. du Pont de Nemours and Co
- E. I. du Pont de Nemours and Co Reaffirms FY 2013 EPS Guidance; Issues H1 2013 EPS Guidance
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- E. I. du Pont de Nemours and Co Completes Sale of Performance Coatings Business
- E. I. du Pont de Nemours and Co Puts Cyanide Business On Block-Reuters
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