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...Both America’s Parker Hannifin, which took over Meggitt, and private-equity backed Cobham, which bought Ultra, have promised to protect sensitive technology and beef up spending on research and development...
Kwasi Kwarteng wants delivery body to help meet target for reactors to provide a quarter of electricity generation by 2050
...Howie said that while Parker’s review had envisaged that more work would be distributed around UK yards, “we haven’t really achieved that yet”....
...The company, which is in the process of being taken over by US rival Parker Hannifin, is a key component supplier to Boeing and Airbus....
...Tony Wood, the head of Meggitt, which is being taken over by America’s Parker Hannifin, is understood to be a contender. Wood used to be head of the civil aerospace business at Rolls-Royce....
...Parker Hannifin said in a statement that it looked forward to “engaging with the UK government” and “bringing the review of the transaction to a satisfactory conclusion”....
...UK business secretary Kwasi Kwarteng on Monday issued a so-called “intervention notice” after reviewing advice from officials about the impact of Parker Hannifin buying the Coventry-based group....
No word on ‘practical solutions’ promised a month ago as chancellor resists providing taxpayer support
...Tom Williams, chair and chief executive of Parker Hannifin, said he was “confident the combination of Meggitt and Parker creates a world class provider of engineered aerospace solutions”....
The Ajax has yet to enter service, more than a decade after a multibillion pound deal was signed
Kwarteng submits formal proposal to Treasury on loans and other support after Johnson calls end to dispute
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