Future system to produce military equipment. =========
Posted on 03/07/2005 7:26:17 AM PST by ConservativeStatement
Europe's biggest defense company, BAE Systems, agreed to buy U.S. firm United Defense Industries for $3.97 billion in cash Monday, bolstering its land systems business and its foothold in the United States. BAE said it would pay $75 a share for the maker of the Bradley Fighting Vehicle, a premium of 29 percent over United Defense's (Research) close of $58.26 on Friday.
(Excerpt) Read more at money.cnn.com ...
I don't like the idea of manufacturers of military equipment being owned by foreign interests. I don't like it one bit.
Future system to produce military equipment. =========
Well, China wants some new stuff and you guys wont sell it! We will! We will!
Nor do I. Declining defense budgets and uncontrolled foreign acquisition of domestic defense companies has led to a smaller and smaller defense industrial base. All of this in the face of increasing threats to national security.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.