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Having successfully refurbished half-tracks, Jeeps and motorcycles during WWII, BMY was contracted by the Department of Defense in the early 1950s to redesign, modify and rebuild existing vehicles for the Mutual Defense Aid Program. Among these were M4A1 and M4A3(75)W Sherman tanks and Priest M7B1 105mm Howitzer Motor Carriages. M4A3(75)Ws were modified into M74 TRVs, M7B1 Priests into M7B2s and the Sherman tanks were rebuilt and retrofitted with 76mm guns. (Source: Sherman Register).
Following a massive decline in orders for tracked combat vehicles between 1983 and 1994, FMC Corporation and the Harsco Corporation agreed to combine their defence businesses, and formed United Defence Limited Partnership. United Defense was ultimately sold to The Carlyle Group which, through its Iron Horse subsidiary, purchased the company for $880 million. United Defense Industries (UDI), as it became known, went public on the New York Stock Exchange in December 2001.
On 7 March 2005, BAE Systems announced it was acquiring UDI. The bid was referred to the Committee on Foreign Investment in the United States to ensure there were no national security implications of the sale. On 24th June BAE Systems completed the purchase of UDI for $4.192 billion, and formed BAE Systems Land and Armaments, grouping together all the company’s land systems businesses.
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