BAE completes buy of US shipyards for $352 million

British defense contractor BAE Systems PLC has completed the purchase of Atlantic Marine Holding Co., a U.S.-based firm which repairs, maintains and supports construction of vessels.
BAE Systems said Wednesday it had completed the purchase from J.F. Lehman & Co., a private equity firm, for $352 million.
BAE acquired Atlantic Marine's operations at Mayport and Jacksonville, Florida; Moss Point, Mississippi, and Mobile, Alabama.
BAE also operates ship repair facilities in Hawaii, San Diego and Norfolk, Virginia.
J.F. Lehman retains Atlantic Marine's operations in Boston and Philadelphia.