BAE hopes to win $7bn T-X order fom US

[Navaleye]

Hope they do, but you can never tell with US politics. They like the T45 and hopefully clinch the deal. Not much in orders from HMG at the moment.

BAE bids to land £7bn US jet project - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/industry/defence/9384232/BAE-bids-to-land-7bn-US-jet-project.html)

[MadsDad]

If it goes anything like the tanker contract, the best of luck to them as foreign bidders.

[Thelma Viaduct]

Same thoughts as mad dad, the spams are bent to ****, but not in a 'gay' way.

[Doctor Cruces]

Doubt we'll get it. These days the Spams are so corrupt that if BAe win it, they will discount it and go for an American product regardless, just like the tanker deal. :\

Doc C

[Milo Minderbinder]

Isn't BAE an American company nowadays?

[NutLoose]

BAE is working on its bid with Northrop Grumman and L-3 Link


Seems a strange choice considering they build the Goshawk in conjunction with Boeing.

[giblets]

Although the Alenia Aermacchi M-346 Master is supposed to be a great airframe, it's Russian Origins may well harm it.
Bae/ Northrop should have a great advantage knowing the setup for the F-35 inside out to make near seamless integration for the trainees

[Two's in]

Isn't BAE an American company nowadays?

BAE Systems Inc is indeed a US company, but the Hawk bit is part of BAE Systems PLC.

These days the Spams are so corrupt that if BAe win it, they will discount it and go for an American product regardless

Especially all those spams running Barclays bank it would appear.

[LowObservable]

"Has emerged as the frontrunner" is perhaps over-egging it a bit.

[pr00ne]

BAE Systems Inc is a wholly owned subsidiary of BAE Systems PLC, which makes it about as American as Fish and Chips...

[Milo Minderbinder]

They'll relocate if it gets them this order

[pr00ne]

"They'll relocate if it gets them this order"

Of course they won't, don't be ridiculous.

Relocate that is, they certainly COULD get the order, though hasn't the requirement been put back a few years? Therefore substantially reducing the chance of the Hawk still being in production.

[Milo Minderbinder]

New production line in America. So it doesn't matter if we stop Hawk production in the UK. All it will mean is that BAE shift yet another part of their business to the USA. And what they would be shifting would be production of their last manned aircraft. By then Typhoon production would have ceased and theres nothing to replace it. So bye-bye Warton and Salmesbury (unless they actually manage to sell a drone to the MOD)
BAEs interests in the UK are declining and petty much irrelevant. Why should they not relocate to the USA?

[pr00ne]

Because they have far more than military aircraft interests here in the UK. They are a vast outfit and are still acquiring niche UK manufacturing companies in the defence and security market. Detica being a notable recent one.

They have over 30 manufacturing plants in the UK, there is a LOT more to BAES than merely Warton and Samlesbury. Samlesbury will be designing, engineering and manufacturing F-35 airframe assemblies for a very long time.

Mantis and the like will keep Warton busy too. Plus Typhoon will be upgraded a few more times and they are also still active in the export market. In the REALLY long term future, while everyone talks of the F-35 and Typhoon as being the last generation of manned combat aircraft, I recall when that was said about a certain English Electric Lightning...

It's not all doom and gloom in the world's second largest aerospace industry you know!

[Milo Minderbinder]

They're acquiring new businesses because they are losing money in the ones they already own and can't make them profitable. So they are buying profitable businesses to asset strip and destroy, providing cash to drive their USA expansion.
They're still following the GEC business model of destroying jobs to liberate cash. The sooner they are rumbled and the banks pull the plug the better.

[pr00ne]

Milo Minderbinder,

Have you looked at their financials lately?


Share price up £4 today. Profit of nearly £1.3 Billion. Just what do you think the word "losing" actually means?

[Milo Minderbinder]

no, but I've worked in a few publicly quoted companies where I've helped to fiddle the financials, so please don't spout that kind of bollox to me.
If you're buying companies, its dead easy to hide the fact your main business is faltering

[pr00ne]

You cannot "fiddle" a profit of £1.3 Billion!

People like me exist to make sure that things that like that don't happen. When they do then the crash and burn is spectacular, especially if you happen to be in the US, when you can expect to go to prison for 90 years.

[Milo Minderbinder]

Then people like you should be a damned site more switched on and believe what companies tell you less.
It damned easy to fiddle company accounts - and the bigger you are he easier it is because the auditors are scared of pulling the plug in case they get dragged down with it

[pr00ne]

Milo Minderbinder



Ever heard of something called due diligence? We don't just "believe what companies tell us" for goodness sake.

The City is not as naive, nor nearly as corrupt as you clearly think it is, thankfully!

[Milo Minderbinder]

Maxwell
Enron
Goldman Sacks
RBS
Icelandic banks in general
Banco Ambrosiano
BCCI
Cendant
Mwerrill Lynch
Conrrad Black / Hollinger
Bernard Madoff
just a few at random

due diligence?
more like sticking your communal noses in the horse trough and enjoying the ride.

[cornish-stormrider]

meow fffs fffs ffs and other cat like impressions.

roll up roll up - ringside seats for threppence h'appeny
popcorn is ready!!!!!

Large company is corrupt * - is t'baron you say?

how suprising - something about a squashed serious fraud squad investigation with a "customer" IIRC.....

* alledgedly - as reported in the popular press, anyway a big boy told me and he dun't lie.

Nothing ever suprises me about the self idulging and corruption of almost everyone nowadays, what a wonderful world we live in.

[longer ron]

The City is not as naive, nor nearly as corrupt as you clearly think it is, thankfully!


Now that is a comical statement LOL
Historically the financial sector has well and truly screwed most of us...and they continue to do so :rolleyes::ugh: