BAE Systems hints at pulling out of Airbus

I actually should have specified that the proposed US legislation is directed at foreign companies.

Well, imagine that US Agent…….. :rolleyes:

Clearing the decks ahead of the long rumoured merger with Boeing it would seem.

No…that legislation will be up to the EU to implement.

I actually should have specified that the proposed US legislation is directed at foreign companies.

Ah, ‘trade wars’…aren’t they wonderful. :rolleyes:

Hmmm – will that include US companies too, US Agent?

Remember, there is legislation being proposed in the U.S. senate to bar any company from doing business with the DoD if that company in any way receives what is currently defined as ‘direct government subsidies’ or is involved in pending litigation at the WTO under complaint of receiving ‘direct government subsidies’.

Perhaps BAE sees the writing on the wall and is taking pre-emptive action to safegaurd what has become a very lucrative flow of income from U.S. military contracts by divesting from Airbus?

It seems strange that Bae are leaning toward the US,when they’re saying that technology transfer is being delayed on current projects.

Obviously they feel the potential to be much greater than the tie with EADS/Airbus.

The plan is that they pull out of airbus, but airbus continue to opperate the wing facilities in the UK (as they do at the minute.) This free’s whats left of Bae to be aquired by Boeing, with some area’s perhaps going to rockwell. BAe as we know it will be dead within 5 years

And what are they planning to do in the US market? It’s not as if BAe make civil aircraft in their own right any more, is it? :confused:

read this, not good news!!
http://www.guardian.co.uk/business/story/0,3604,1505646,00.html

Was it not Churchill who said to de Gaull: “If we ever have to chose between the Atlantic and the Continent, we will always chose the Atlantic” ? 😀