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September 07, 2006

BAE Begins Subcontractor Spending Spree After Board Approval Of Airbus Sale

Purchases Massachusetts-Based Defense Company For $8.7 Million

Less than 24 hours after its board approved the sale of the company's shares in Airbus, BAE Systems reached a definitive agreement with Massachusetts-based National Sensor Systems (NSS) to purchase all of the shares of the company for $8.7 million in cash -- the first of what may be several buyouts of defense subcontractors.

ANN Special Feature: AOPA President Phil Boyer on the Nomination of Mary Peters as Transportation Secretary 09.07.06

President Bush this week nominated Mary Peters to succeed Norm Mineta as US Transportation Secretary. How does General Aviation react to that? I ask AOPA's Phil Boyer.