How is BAE Systems NAs Corporate M&A function organized?
LRF: We have the equivalent of about 12 FTEs throughout the enterprise working on M&A, with another dozen or so supporting the M&A process on a case-by-case basis. FGR: What types of companies does BAE Systems seek to acquire? LRF: Companies that complement our technologies and program expertise in supporting the national security and aerospace markets. Specifically, we’re looking for those companies which provide differentiators in electronic and information-based systems or knowledge-based systems. To the extent they support the warfighter directly or meet National Security goals, inside and outside of DoD (including such non-defense agencies as DHS, NASA, and other departments to include Justice, Transportation, and so on), they come up on our radar. Technology-rich firms rank high, regardless of size. Witness our acquisition this year of STI Government Systems and Practical Imagineering. About 75% of our business is in C4ISR; most of these companies support that broad mission. They
