News Archives…

Defence & Aerospace Clients…

“Tax Relief for Dragons”

George Osborne announced, in the autumn statement, that for the year 2012/2013 there would be incentives to encourage Angel investors to make more funding available for business  start-ups. The Seed Enterprise Investment Scheme (SEIS) will start in April 201s, and will offer an effective capital gains tax holiday if they re-invest gains made during [...]

1968 “yellow book” procurement rules mean UK taxpayers and not BAES will pay between £60M – £100m in redundancy costs for 3000 employees

A report today shows that BAEs have opened discussions with the government to potentially enact the “yellow book” rules that were designed to protect the UK defence industry and UK jobs. Where there are conditions that mean only one supplier can be used, often found in major defence programmes, the government has a responsibility [...]

Will the consolidation of the Armoured Vehicle manufacturing companies provide greater value for end customers?

Following the recent announcement of acquisition of Force Protection by General Dynamics, we now see that Lockheed Martin is in discussions with Nexter and Panhad to introduce “greater collaboration”. However will this bring benefit to the defence customers who currently compete their requirements? Earlier this year the US DOD made its position on consolidation [...]