Article taster from IHS Jane’s Defence Weekly 23 October 2013 issue.
BAE Systems to close Texas factory as LM moves JLTV to Arkansas
Jane’s Industry Reporter
BAE systems is to close its Sealy, Texas, armoured wheeled vehicle factory by June 2014 with the loss of around 300 jobs.
“A sharp downturn in the wheeled vehicle market and a lack of contracts left us with less work (in Sealy) than anticipated,” BAE Systems spokeswoman Megan Mitchell told IHS Jane’s on 15 October.
BAE Systems acquired the Sealy plant through its USD4.5 billion acquisition of Armor Holdings in 2007. At the time the site employed around 3,000 people and was occupied with production of the Family of Medium Tactical Vehicles (FMTV).
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