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Agreement between British Government and Bae Systems

London, Great Britain - State covers part of losses tied to a military supply

British Government has caught up with the Bae Systems an agreement in order to share the unexpected costs regarding the supply of three propulsion nuclear submarines and 18 reconnaissance planes, assigned by Ministry of Defence to the aerospace giant. The book of loss piles to approximately GBP 1,5bn, the state will pay GBP 700m. In London Stock Exchange, the news got society bond put up. It closed...

AVIONEWS - World Aeronautical Press Agency - 40863
Rome, Italy, 02/20/2003 17:02
AVIONEWS - World Aeronautical Press Agency

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