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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 941 |
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BAE as the third largest defence contractor (revenue $25 Billion) are very close to the fourth largest contractor Northrop Grumman who generated $24 Billion in 2007. Within the UK BAE was operating in "the only truly open defence market", which meant that it was competing with US and European companies for British defence projects, while they were protected in their home markets...
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The US defence market is competitive, however largely between American firms, while foreign companies are excluded. In December 2005 the MOD published the Defence Industrial Strategy (DIS) (Read, 2005) which has been widely acknowledged to recognise BAE as the UK's "national champion". The DIS identifies key industrial capabilities which must be maintained within the UK through long-term government commitments to support research spending and procurement...
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