MTC Technologies now part of BAE Systems' customer solutions operating group

By Lisa Kerner

Charlotte, N.C., June 9 - BAE Systems, Inc. completed its $450 million acquisition of MTC Technologies, Inc. first announced in December.

Under the companies' merger agreement, MTC Technologies shareholders will receive $24 per share for each share of common stock held at closing, without interest.

BAE Systems previously said MTC Technologies will become part of BAE Systems' customer solutions operating group, which is based in Arlington, Va., and is a segment of the company's technology solutions and services line of business.

Dayton, Ohio-based MTC Technologies provides technical and professional services and equipment integration and modernization for the U.S. military and intelligence agencies.

BAE Systems plc is a London-based defense contractor. BAE Systems Inc. is based in Rockville, Md.

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