BAE shares fall as defence firm says US cuts will hit 2014 profits 08-04-14 10:52 AM £1bn wiped off market value of arms maker, which refuses to disclose price of Typhoon deal More than £1bn was wiped off the value of British defence company BAE Systems after it warned that US defence spending cuts would reduce its profits by up to 10% this year. BAE, Britain's biggest manufacturing employer, warned that US plans for $450bn (£270bn) of defence cuts over the next decade will ... Source... |
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