Suitors emerge for BAE division

GENERAL Electric, Honeywell International and United Technologies are among the suitors for BAE Systems’ aerospace unit, it emerged last night.

The defence group has hired advisers to sell the aerospace unit for up to $2bn, and is now close to completing a series of management meetings with nearly a dozen strategic buyers and private equity firms, sources said.

Aerospace suppliers Goodrich, Moog and Esterline Technologies are also thought to be eyeing the division, along with private equity firm Carlyle Group.