BAE dumps 'Old Europe' in favor of the US war machine
Independent: BAE Systems is to sell its 20 per cent stake in Airbus to EADS, the majority shareholder in the European aircraft manufacturer, for about 3bn pounds.
The long-anticipated deal will end BAE's 27-year relationship with Airbus but also places a question mark over the long-term security of the tens of thousands of British jobs that rely on the Airbus programme.
... BAE has made no secret of its willingness to sell the stake should a better use be found for the money - in particular to fund further expansion into the US defence market, which now accounts for a third of the company's total sales. Read more
db: Yes, but, the Airbus is sooo successful. Tragically the Military-Industrial Complex is more so - and BAE wants a bigger piece of that pie. And as far as they are concerned, notwithstanding the soundbites that suggest otherwise, the British Airbus workforce can go fuck themselves.
The long-anticipated deal will end BAE's 27-year relationship with Airbus but also places a question mark over the long-term security of the tens of thousands of British jobs that rely on the Airbus programme.
... BAE has made no secret of its willingness to sell the stake should a better use be found for the money - in particular to fund further expansion into the US defence market, which now accounts for a third of the company's total sales. Read more
db: Yes, but, the Airbus is sooo successful. Tragically the Military-Industrial Complex is more so - and BAE wants a bigger piece of that pie. And as far as they are concerned, notwithstanding the soundbites that suggest otherwise, the British Airbus workforce can go fuck themselves.
posted by exoplanet at 10:01 PM
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