Tuesday, January 22, 2008

Sophie congratulates BAE on purchase of Tenix

“I warmly congratulate BAE Systems Australia on their agreement to invest in the purchase of defence contractor Tenix,” Sophie Mirabella, the Federal Member for Indi, said today.

“Tenix had been seeking to sell their business late last year, and it is pleasing that a company with a strong track record of commitment to Australia, BAE Systems Australia, is making this proposal.”

“Of course, the acquisition will be subject to foreign investment and competition approval processes, which will be important to ensure that jobs are maintained and the Australian defence industry remains strong and competitive.”

“I will be working to ensure that the Government listens to the interests of local employees and interests when considering this proposal, so that all local stakeholders are protected.”

“I congratulate BAE and Tenix on this acquisition and look forward to hearing further details of the benefits it will have for Australia’s defence industry.”

“I understand BAE Systems will be the largest defence supplier to the ADF as a result of the acquisition and the capability fit of the businesses will provide enhanced capacity and opportunity for the company and its employees.”

“It is possible that this may lead to increased benefits from the facility at Bandiana in a more streamlined logistics operation,” Mrs Mirabella said.

Tenix Sells Defence Businesses to BAE Systems Australia
Tenix has agreed to sell its defence businesses in their entirety to BAE Systems Australia, which is a subsidiary of BAE Systems Plc (BAES).

Defence contractor BAE Systems in landmark racial law exemption
Adelaidenow, Australia - 20 Jan 2008
DEFENCE industry giant BAE Systems will be allowed to discriminate against staff and job seekers by nationality, after a landmark decision today.


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