BAE: Merger was 'opportunity, not necessity'

A BAE Systems source said the proposed merger was seen as an "opportunity" rather than an "absolute necessity" for the company.

The company has won a number of contracts this year, including:

  • £149 million for Typhoon and Tornado support to the RAF
  • £446 million for Typhoon support across other countries including Germany, Italy and Spain
  • £116 million for production of aircraft fuselage assemblies
  • £328 million for the design and development of the replacement Vanguard Class submarine
  • £1.6 billion to supply aircrew training to the Royal Saudi Air Force

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BAE merger deal called off

Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.