Labor government cuts defence budget, English contractors feel pain

by: Matthew Potter
February 10, 2008

Category: BAE Systems, England, Restructuring, VT Group | RSS 2.0

This analysis in The Guardian says that BAE and the VT Group will lose billions in orders from the British government if planned cuts to the defence budget go through. Because some of the contracts for hardware have cancellation clauses the government may be force to buy the systems and then sell them to other nations. This is all part of an attempt to reduce public spending.

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