UPDATE 1-BAE places bid for TRW defence assets-source

Newswire

(adds BAE has no comment, background) LONDON, June 25 (Reuters) - Britain's BAE Systems Plc has submitted an offer for the defence assets of TRW Inc, the U.S. group being pursued by at least one other bidder in a $6 billion race, a source familiar with the matter said on Tuesday. Defence contractor BAE said two weeks ago it may join the field chasing TRW as it seeks to profit from rising U.S. defence spending that has gained urgency since September 11. The Wall Street Journal reported ...

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