Summary
BAE Systems and VT Group are bracing themselves for bad news today as the Ministry of Defence is expected to announce another two- year delay to the Navy's [pounds]4bn aircraft carrier project.
BAE ( down 8 1 / 4 p at 345 3 / 4 p) and VT (up 12p at 527p) are due to start work imminently on the two giant warships which are already two years behind schedule. It comes as the government wrestles to overcome a [pounds]2bn a year shortfall in the defence budget.See the full content of this document
Extract
Bad News for Defence Firms
General Sir Kev...
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