A severe lack of government contracts in the pipeline will lead defence firms to cut spending on R&D, according to Sir Brian Burridge, vice president at defence firm Finmeccanica UK.
Sir Brian Burridge, who also chairs the defence sector board for the trade body ADS, stated that the lack of money available for future contracts at the Ministry of Defence (MoD) will hinder the UK’s ability to innovate and create products sold all over the world. Speaking ahead of the 2012 Farnborough Airshow, Sir Brian said: “There…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
