The 3,000 job losses announced by BAE Systems will “devastate” local economies according to politicians and union leaders.
Defence budgets are stagnating.
As the chief executive of BAE Systems put it, “Our customers are facing huge pressures on their defence budgets and affordability has become an increasing priority.”
http://www.ft.com/cms/s/0/ea51a2ac-e8ea-11e0-ac9c-00144feab49a.html