Originally Posted by
Not_a_boffin
I think HMG may still retain the proverbial Golden share in RR. This is more likely a response to Cobham - or the chip design house recently taken over by a US company?
ARM was sold to a Japanese company years ago, and it is the current Japanese owners who have sold it to a US company. Nothing that the UK Government could have done about that.
This is a two way street, most existing UK defence and aerospace companies have a substantial presence overseas, especially in the US, all from UK companies buying up US defence and Aerospace companies, some very large indeed, as in the Allinson Engine Company.