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| FT.com - Aerospace and defence
FT.com - Aerospace and defence
The FTSE 100 defence group has bought a US group specialising in video surveillance systems and high definition wireless video technologies for $26m
Talks have been held with countries including Japan about offloading large numbers of Eurofighter Typhoons that the Ministry of Defence has ordered but can no longer afford
General Dynamics, the US defence group and maker of Gulfstream business jets, is taking over Zurich-based Jet Aviation for SFr2.45bn ($2.25bn)
A Financial Times investigation into the Eurofighter offloading case has found a UK defence department burdened by the demands of fighting two wars and hobbled by internal rivalries, budget constraints and leadership issues
Executives from Boeing and Northrop Grumman will meet US government officials for a second time to discuss details for the revised competition for a $35bn contract to provide air-to-air refuelling tankers to the US Air Force
There had been speculation the aerospace company could pull out of the competition for a $35bn US Air Force contract after the government issued new guidelines last week
Philip Bowman, chief executive, is putting the finishing touches to his ambitious restructuring plan for the engineering group that will cut costs and set new financial targets for individual divisions
Saudi Arabia has begun discussions to buy a second batch of Eurofighter Typhoons in what could lead to another multi-billion pound order for the defence group
Chief hails 'fantastic' 42 per cent surge in orders from buoyant military and national security markets
The company said it remained confident about the outlook for civil aerospace, as it reported underlying profits up 59 per cent in the first six months of the year
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