Oral question asked in the House of Commons, by Julian Brazier (Conservative). It was answered on Monday, 22 October 2012 on behalf of the Ministry of Defence.
BAE Systems/EADS Merger
- Question
-
I strongly support my right hon. Friend’s red lines, but I put it to him that the palpable failure of BAE’s business model—which, basically, focused only on defence—and the shortcomings in its current management should not be allowed to drive us into an unsatisfactory situation, and that, such is the value of the assets that it controls, we may in the long run have to take a less than entirely hands-off approach to the company.
- Answer
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As my hon. Friend would expect, the Ministry of Defence has a close working relationship with BAE Systems as our largest supplier. The company has a substantial order book, a profitable business and strong cash flow, and it will continue to operate as an independent British business. Clearly, it will face challenges as its principal customers shrink their budgets, and it will need to adapt its business model for the future.
Secondary information
- Type
- Oral question
- Reference
- 551 c682
- Session
- 2012-13
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Mergers BAE Systems EADS
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-13 14:42:15 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2012-10-22/1210222000043
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