One of Britain’s leading defence companies moved a step closer to foreign ownership last night after the Government lent its support to the controversial £2.6billion takeover. Ultra Electronics – which makes submarine-hunting…
Tag: defence
Fury as Kwasi backs UK defence firm Ultra’s £2.6bn sellout to Advent
Fury as Kwasi backs UK defence firm Ultra’s £2.6bn sellout to Advent as the US private equity giant gives security guarantees By Luke Barr and Archie Mitchell For The Daily Mail Published:…
Lady Cobham: We Must Keep British Defence Firms Out Of Foreign Hands
The founding family of defence giant Cobham has raised the alarm over a flurry of sensitive deals as the Government prepares to escalate its probe into the sale of Ultra Electronics. Lady…