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Jul 17, 2014

Britain’s GKN on the hunt for acquisitions in aerospace parts

FARNBOROUGH, England, July 17 (Reuters) – GKN is on
the hunt for acquisitions in the aerospace components industry,
its chief executive said, as the British engineering company
sees the sector as ripe for consolidation.

“We have our eye on things we’d like to do, and we keep
watching those situations,” Chief Executive Nigel Stein told
Reuters in an interview on Wednesday.

Jul 17, 2014

UK need for sea patrol aircraft opens new front in Airbus, Boeing battle

FARNBOROUGH, England, July 17 (Reuters) – Two high-profile
sea searches have exposed a shortfall in Britain’s maritime
patrol capabilities, raising hopes at rival planemakers Airbus
and Boeing that they could soon be fighting over
a multi-billion dollar contract.

The search for Malaysia Airlines Flight MH370,
missing since March, and the hunt for four British yachtsmen
lost in the Atlantic Ocean in May, has brought home to the
British government the need to invest in maritime patrol
aircraft, sources close to the matter say.

Jul 16, 2014

Thales’ British drone set for exports by 2015 – UK CEO

LONDON, July 16 (Reuters) – The UK business of Thales
expects to start receiving overseas orders worth
hundreds of millions of pounds for its Watchkeeper drone from
next year, buoying Britain’s plan to grow its defence exports.

Watchkeeper, an unmanned aircraft system (UAS), was
developed by the UK division of Thales, Europe’s largest defence
electronics company, for Britain’s Ministry of Defence as part
of an 800 million pound ($1.4 billion) contract signed ten years
ago.

Jul 15, 2014

Airshow: Eurofighter Typhoon to get advanced radar contract by year end

FARNBOROUGH, England (Reuters) – A contract to develop an advanced form of radar for the four nation-backed Eurofighter Typhoon jet should be signed later this year, Eurofighter’s CEO said, raising hopes that the fighter could secure further orders.

Radar issues contributed to the Eurofighter consortium losing out on a $20 billion deal to sell 126 jets to India in 2012 and experts have said that equipping the new radar system to the fighters would help sell more of them.

Jul 15, 2014

Eurofighter Typhoon to get advanced radar contract by year end

FARNBOROUGH, England, July 15 (Reuters) – A contract to
develop an advanced form of radar for the four nation-backed
Eurofighter Typhoon jet should be signed later this year,
Eurofighter’s CEO said, raising hopes that the fighter could
secure further orders.

Radar issues contributed to the Eurofighter consortium
losing out on a $20 billion deal to sell 126 jets to India in
2012 and experts have said that equipping the new radar system
to the fighters would help sell more of them.

Jul 3, 2014

The Queen to name UK’s biggest warship as doubts swirl

LONDON (Reuters) – The Queen will officially name the biggest warship Britain has ever built on Friday, the latest step in a 6.2 billion pound project to build a new generation of aircraft carriers.

But the stage-managed show of military might and engineering expertise comes at a time of financial uncertainty and it remains unclear if the vessel, HMS Queen Elizabeth, will be the only carrier of its kind to be deployed by the Royal Navy.

Jul 3, 2014

Britain’s Queen to name UK’s biggest warship as doubts swirl

LONDON, July 4 (Reuters) – Queen Elizabeth will officially
name the biggest warship Britain has ever built on Friday, the
latest step in a 6.2 billion pound ($10.6 billion) project to
build a new generation of aircraft carriers.

But the stage-managed show of military might and engineering
expertise comes at a time of financial uncertainty and it
remains unclear if the vessel, HMS Queen Elizabeth, will be the
only carrier of its kind to be deployed by the Royal Navy.

Jul 1, 2014

Artist Tracey Emin whoops as her ‘My Bed’ fetches 2.5 million pounds

LONDON (Reuters) – Tracey Emin’s “My Bed,” complete with cigarette butts, crumpled sheets and underwear, sold for 2.5 million pounds on Tuesday, a record for the artist, who was present at the auction and applauded and whooped delightedly.

Emin’s 1998 work, which fetched over 1 million pounds above its top estimated price, and a Francis Bacon portrait of Lucian Freud, which sold for 11.5 million pounds, were the show stoppers in a 75 strong collection of portrait-themed works auctioned by Christie’s.

Jul 1, 2014

Artist Tracey Emin whoops as her “My Bed” fetches over $4 million

LONDON, July 1 (Reuters) – Tracey Emin’s “My Bed,” complete
with cigarette butts, crumpled sheets and underwear, sold for
2.5 million pounds ($4.25 million) on Tuesday, a record for the
artist, who was present at the auction and applauded and whooped
delightedly.

Emin’s 1998 work, which fetched over 1 million pounds above
its top estimated price, and a Francis Bacon portrait of Lucian
Freud, which sold for 11.5 million pounds, were the show
stoppers in a 75 strong collection of portrait-themed works
auctioned by Christie’s.

Jul 1, 2014

Boeing captures UK’s Monarch after jet contest -sources

LONDON, July 1 (Reuters) – Boeing is poised to win a
$3 billion jet order from UK carrier Monarch Airlines, ousting
its European rival Airbus for a key victory two weeks before the
Farnborough Airshow, industry sources said on Tuesday.

The expected order for some 30 revamped 737 aircraft follows
a contest lasting several months as the Luton-based carrier
became the latest hotspot in a global battle for market share
between two popular types of narrowbody jets.