Writedown and Pension Hole Leaves Bae Feeling Battered
Evening Standard - London › September 09, 2004
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Summary
BAE SYSTEMS was back in the red today, after the defence giant unveiled a Pounds 420 million writedown on the value of its avionics and electronic command and control businesses.
The group also revealed that the black hole in its retirement schemes increased to Pounds 2.6 billion from Pounds 2.1 billion.See the full content of this document
Extract
Writedown and Pension Hole Leaves Bae Feeling Battered
BAE said its pensions shortfall had grown because liabilities increased a...
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