Benevolent monitor for BAE
After six months of negotiation with the U.S. Department of Justice, BAE Systems has agreed to have Briton David Gold, [...]
BAE Systems is Britain’s leading defence company. After winning the massive Al Yamamah contract with Saudi Arabia in the 80s, the company expanded into the US. BAE is a major player in big defence programmes such, the Eurofighter Typhoon and the Royal Navy’s aircraft carriers and submarines.
Several laws in preparation in Europe, including the UK’s Bribery bill, along with growing international co-operation in the fight against corruption, mean that more and costlier legal proceedings seem likely (BAE Systems paid €400 million in fines last month to [...]