
British arms maker BAE Systems said on Friday that it will close a small Pennsylvania plant that overhauls and upgrades military equipment for Bradley fighting vehicles, and blamed spending cutbacks. \"BAE Systems announced today the planned closing of its Fayette facility in Lemont Furnace, Pennsylvania,\" BAE said in a statement that was issued overnight. The plant, which currently employs 113 people, deals with equipment for the US Army, Marine Corps and foreign governments, mainly the Bradley Family of Fighting Vehicles and M109 self-propelled howitzers. It will be shut by the end of 2013. \"The decision to close the Fayette facility was made in response to the planned completion of existing contracts managed at the Fayette site and no prospect of future work for the facility,\" BAE said. \"It is anticipated that all of the production work at the facility will be complete by the end of November.\" It added: \"This facility is a part of the Bradley Industrial Base, which is at significant risk of experiencing further cuts and impacts to jobs and communities across the country.\" The group stressed that workers would be offered opportunities on other sites. Erwin Bieber, president of BAE Systems Land & Armaments sector, added: \"The current business environment has made this difficult announcement necessary. \"The plant closure in no way reflects upon the work and dedication of the employees. We will do all we can to assist them in this difficult transition.\" The US market accounts for about 40 percent of BAE Systems\' group revenues -- making it the biggest foreign supplier of military goods to the Pentagon.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor