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BAE-MARCONI: 55 MILLION SAVINGS THIS YEAR
LONDON, The last year merger between BAe Systems and Marconi met its target: BAe is expected to report £55 million savings this year. Profits before tax for the six months of the year increased to £214 million, from £132 last year. Chief Executive john Weston said the industry has a strong order book that stood at £37 billion at the end of June. Weston added savings will rise to £275 million by the...
AVIONEWS - World Aeronautical Press Agency