TV News LIES

Thursday, Sep 18th

Last update06:01:58 AM GMT

You are here News Military UK's BAE Systems wins $780m US military contract

UK's BAE Systems wins $780m US military contract

E-mail Print PDF

BAE SystemsBAE Systems has been awarded a new contract from the US military worth up to $780m (£512m), in a rare spending boost from its largest single customer.

The US is BAE's biggest market but the defence contractor has warned it faced weak demand from across the Atlantic due to the scaling back of operations in Iraq and Afghanistan, as well as public spending cuts.

These factors have affected BAE's performance in the UK, where the group is grappling with the consequences of a sustained reduction in spending by the Ministry of Defence.

The five-year deal with the Pentagon to produce explosives at a plant in Tennessee includes a further order for IMX-101 munition that is seen as a safe and effective replacement for TNT in artillery rounds.

IMX-101 is part of a family of explosives under development called insensitive munitions explosives. These formulations are significantly more stable than conventional TNT, making the weapon systems they support safer for troops to transport and handle. Although investors will welcome new business from BAE's largest customer, the group has signalled its determination to move into new territories and new markets with its failed attempt to merge with EADS, the owner of aerospace giant Airbus.

More...


Most Recent Related Stories...


Obama insists: No U.S. ground combat troops in Iraq

ObamaPresident Obama doubled down Wednesday on an increasingly questioned pledge: There will be no U.S. ground...

U.S. Air Force: Swear to God—or Get Out

Air Force AcademyIn a new, unexplained shift, the Air Force is compelling its troops to use the phrase...

US air force sergeant barred from re-enlisting unless he swears to God

Air Force oathThe US air force has told an atheist airman he must swear his re-enlistment oath to...

U.S. military charter lands in Iran after mix-up

military charter lands in IranA U.S. military charter aircraft flying from Afghanistan to Dubai landed in Iran because of a...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!