BAE Systems PLC is doubling down on the U.S. defense market with its biggest acquisition in more than a decade, agreeing to buy a business that tracks everything from jet fighters to tanks from United Technologies Corp. for $1.93 billion. The purchase of Collins Aerospace’s Military Global Positioning System business, owned by United Technologies, comes as the Pentagon tightens cybersecurity standards because of perceived rising threats from China and Russia.

Source: Wall Street Journal January 20, 2020 17:37 UTC