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Breaking News

The Times: BAE pays £285m to settle US and UK arms claims

G2 Solutions @ February 5, 2010 # No Comment Yet

BAE Systems, Europe’s largest defence company, has agreed to pay £285 million in fines to settle long-running investigations into its arms deals with Saudi Arabia and Tanzania.
The deal includes a $400 million (£255.7 million) payment to the US Department of Justice after the company admitted to conspiring to [...]

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Flight: Bombardier warns of falling deliveries in 2010

G2 Solutions @ February 5, 2010 # No Comment Yet

Canadian airframer Bombardier recorded a 13% drop in overall deliveries for fiscal 2009 ending 31 January, and warns the slide in deliveries will continue into the current year.
Deliveries fell to 302 compared with 349 the year prior. Bombardier delivered 121 commercial aircraft to customers versus 110 deliveries for fiscal 2008, which [...]

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