* Posts by Privateer

1 publicly visible post • joined 9 May 2008

US: BAE 'could have' pirated our secret Stealth 3.0 tech sauce

Privateer

Sigh...

Every time I see that Mr Page has written an article on BAE Systems I hope that he's finally got a grasp of business and every time I'm disappointed.

To say that BAE was "given" factories around the UK shows that someone hasn't quite grasped the concept of nationalisation and privatisation - the government sold the factories to investors when British Aerospace was privatised. As for job losses, if you're claiming that after 20 years of state ownership all the jobs in BAC were sustainable then you really should be disqualified from writing on such topics.

Also, to describe BAE as "a channel by which government-created capital and jobs leave the country" is so clueless as to be risible. BAE has had a major presence in the states through its merger with MES and, for many years now, the US government has been the largest source of revenue for BAE. By Mr Page's reasoning it's only right that BAE should be creating more jobs there.

As for the claims of espionage, they amount to nothing more than nudging and winking. Mr Page also doesn't seem to be too concerned that the second largest defence contractor in the UK is Thales and that companies such as Smiths have been bought by GE...