Defense firms see globalization benefits

[struggle4progress]

<snip> He said U.S. "sabre-rattling" over the European Union's plan to lift an arms embargo against China could result in a harmful backlash, and could force Britain to look more toward European companies for partnerships than the United States.

Mike Turner, chief executive of Britain's BAE Systems, told the same conference that U.S. security, regulatory and protectionist impediments prevent closer ties between the United States and its closest ally, Britain.

BAE, already the Pentagon's 12th biggest supplier, is in the process of acquiring U.S. defense contractor United Defense Industries (Research), which would elevate it to the No. 8 spot. <snip>

But he said laws requiring U.S. authorities to approve any transfer of information between BAE's U.S. and British operations hampered efforts by the two countries to make their military equipment function better together. <snip>

http://money.cnn.com/2005/03/22/news/fortune500/defense_companies.reut/

WWKD -- What Would Krupp Do?