In December 1999, BAE Systems purchased GEC's 51.6% share of CMC in a separate transaction. In February 2000 the company changed its name to BAE Systems Canada. In April 2001, ONCAP (an investment group comprising Onex Corporation and other investors) completed its purchase of BAE Systems Canada.
In December 1999, BAE Systems acquired GEC's controlling interest in CMC through a separate transaction. The company subsequently rebranded as BAE Systems Canada in February 2000. In April 2001, ONCAP (an investment group consisting of Onex Corporation and other investors) completed the acquisition of BAE Systems Canada.