BAE Systems eyes Atlantic Marine

The Financial Times has reported that BAE Systems wants to expand its ship repair operations in the United States. It recently held talks to buy Atlantic Marine, owned by the JF Lehman private equity group. A deal would add Atlantic Marine's shipyards along the Gulf Coast and East Coast to BAE's operations. (Source: Financial Times, 04/27/10) Gulf Coast note: Atlantic Marine has a shipyard in Mobile, Ala., on Pinto Island. Other yards are in Jacksonville and Mayport, Fla., Boston and Philadelphia; BAE Systems has several operations in the Gulf Coast.