DETROIT Reuters British defense contractor BAE Systems Plc BAES.L has hired advisors to sell part of its North American commercial aerospace business in an auction that could generate up to $2 billion, a source familiar with the matter told Reuters on Saturday.
BAE Systems, which hired J.P. Morgan Chase and Wells Fargo to advise it in the auction, is seeking the first round of bids for its platform solutions unit by next week, said the source, who asked not to be identified because news of the auction has not been made public.
Private equity firm Carlyle Group, Goodrich Corp and Honeywell are among the interested parties for BAE Systems platform solutions group, the source said.
BAE previously declined to comment.
Reporting by Ben Klayman, Soyoung Kim and Rhys Jones, editing by Vicki Allen
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