BAE pulls sale of cockpit display arm

A DIVISION of BAE Systems which makes cockpit displays for fighter jets and digital engine controls for commercial aircraft has been taken off the market after its owner failed to agree a sale.

BAE said there had been plenty of interest in its Platform Solutions business, which is largely based in North America and was put up for sale in September amid speculation that the operation could be worth as much as 1.3 billion. However, it said no sale had been agreed and that it now wanted to end the period of uncertainty by withdrawing the business from the market.