DETROIT, Sept 11 (Reuters) - British defense contractor BAE Systems Plc has hired advisors to sell part of its North American commercial aerospace business in an auction that could generate up to $2 billion, a source familair with the matter told Reuters on Saturday.
BAE Systems, which hired J.P. Morgan Chase and Wells Fargo to advise it in the auction, is seeking the first round of bids for its platform solutions unit by next week, said the source, who asked not to be identified because news of the auction has not been made public.
Private equity firm Carlyle Group, Goodrich Corp and Honeywell are among the interested parties for BAE Systems' platform solutions group, the source said.
BAE previously declined to comment.
(Reporting by Ben Klayman, Soyoung Kim and Rhys Jones, editing by Vicki Allen) Keywords: BAE DEAL/ (benjamin.klayman@thomsonreuters.com; +1 313 967 1900; Reuters Messaging: ben.klayman.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
BAE Systems, which hired J.P. Morgan Chase and Wells Fargo to advise it in the auction, is seeking the first round of bids for its platform solutions unit by next week, said the source, who asked not to be identified because news of the auction has not been made public.
Private equity firm Carlyle Group, Goodrich Corp and Honeywell are among the interested parties for BAE Systems' platform solutions group, the source said.
BAE previously declined to comment.
(Reporting by Ben Klayman, Soyoung Kim and Rhys Jones, editing by Vicki Allen) Keywords: BAE DEAL/ (benjamin.klayman@thomsonreuters.com; +1 313 967 1900; Reuters Messaging: ben.klayman.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.