DuPont Co said on Friday it had acquired a unit of Britain’s BAE Systems Plc nd taken a minority stake in a U.S. high-technology start up, Nanocomp Technologies Inc, to expand its portfolio of high-performance protection materials.
Nanocomp said the financial and strategic agreement with DuPont was ‘a very big deal’ for the New Hampshire-based company, which uses lightweight and incredibly strong carbon nanotubes to build components for U.S. military and aerospace programs. It expects sales to exceed $20 million next year.
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via DuPont buys BAE unit, takes stake in start up | Reuters.
