Aerospace firm BAE Systems has suffered a drop in profits as the US government curtails defence spending, the Telegraph reports.
The company reported a decrease in revenue of 10 per cent year-on-year, from £9.2billion to £8.3bn, for the six months to 30 June, the newspaper reports. Pre-tax profits fell from £691 million to £655m.
This article on Research Professional News is only available to Research Professional or Pivot-RP users.
Research Professional users can log in and view the article via this link
Pivot-RP users can log in and view the article via this link.