BAE faces 'modest' hit from UK defence cuts

BAE Systems has said that the impact on its business of the UK government's defence cuts will only be "modest".

While the defence group has been hit by some cuts - such as the retirement of the Harrier jet - a number of its manufacturing contracts will continue.

These include the two new aircraft carriers for the Royal Navy, of which BAE is a lead member of the consortium that is building them.

Outside of the UK, BAE said it was enjoying strong business in the US.

Posted by Đinh Quang Huy on Thursday, October 21, 2010. Filed under , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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