Ministry of Defence Shipbuilding Contract with BAE

Ministry of Defence Shipbuilding Contract with BAE The Prime Minister has today announced a major boost to the UK’s shipbuilding industry as the Ministry of Defence signs a contract with BAE Systems worth £859 million.
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Shareholder group turns spotlight on BAE and Aviva

Local Authority Pension Fund Forum recommends that its members reject the companies’ remuneration reportsExecutive pay packages at defence group BAE Systems and insurer Aviva are too high and should be rejected, according to a local authority shareholder group.The Local Authority Pension Fund Forum has recommended rejection of the pair’s remuneration reports at their annual meetings […]
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BAE confirms it is considering closing shipyard

Defence company to decide this year whether to close shipyard in Portsmouth or Glasgow, putting more than 1,000 jobs at riskBAE has confirmed it is considering closing one of its major shipyards in a move that could threaten more than 1,000 jobs. The defence company’s UK chief executive, Nigel Whitehead, told the Sunday Telegraph a […]
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Vince Cable doubts viability of £150m BAE shipbuilding project

Business secretary says project – which would safeguard 1,300 jobs at Portsmouth shipyard – is ‘not a runner’ A £150m project that would guarantee shipbuilding at the threatened BAE Systems yard in Portsmouth and secure 1,300 jobs faces a struggle for government approval after the business secretary, Vince Cable, questioned its viability.The long-term future of […]
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BAE Systems is a British success story – so why the secrecy? | Owen Hatherley

Despite its size, it’s hard to find physical traces of the arms industry on our landscape, making us wonder what it has to hideIf Britain’s industrial power is in decline, as we are now told on a regular basis, then how has it managed to remain one of the world’s biggest manufacturers of arms? Fifth […]
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A BAE-EADS merger would have been too complex to handle | Andrew Feinstein

The close relationship the arms trade has with the state means any deal would expose some uncomfortable political truthsMerger talks between defence industry giants BAE Systems and EADS may have collapsed. But the disturbing realities of the global arms trade mean it would always have been a difficult deal to close.A large part of the […]
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BAE warns of limited disruption to its US business

Defence company issues warning following collapse of its proposed €35bn merger with EADSBAE Systems has returned to its solitary trail as a defence business exposed to government spending cuts with a warning that its US business faces disruption from the looming political showdown over the Federal budget.In a market update issued 24 hours after the […]
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Abortive BAE Systems merger: EADS roll | Editorial

The failure of the deal advertises the vulnerability of the UK’s biggest manufacturer in an era of shrinking defence budgetsAnti-European sentiment in Britain is sustained by a powerful mix of tradition and sentiment. The strongest card of those who are committed to our nation playing a full part in the continent’s affairs is, in the […]
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Aerospace merger: fine old mess leaves both managements damaged | Analysis

It’s no good blaming the collapse of the BAE-EADS merger on the fact that the talks leaked, writes Nils Pratley They didn’t even get out of the hangar. It’s baffling that Tom Enders, EADS’s German chief executive, could have so misread the political mood in Berlin, which is where the grand €35bn (£28bn) merger seems […]
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