On Friday, BAE announced DuPont’s intent to purchase the Tensylon unit from them for $18 million in cash. Tensylon is a ultrahigh molecular weight polyethylene ballistic material used in vehicle armor applications. BAE said it expected the sale to close in the third quarter of 2012.
Additionally, BAE is forming a financial and strategic development relationship with Nanocomp Technologies, Inc by making a minority share investment in the Nano Carbon Tube developer. NCTs have a wide variety of applications but in particular have shown great promise in armor use. Under terms of the deal, DuPont gains exclusive rights to Nanocomp developed technologies for use in armor protection and aerospace structures.