Meggitt is on the military programmes for the BAE Systems Typhoon, pictured, and Lockheed Martin F-35 fighter jetsWorries about the takeovers of the London-listed defence companies Meggitt and Ultra Electronics have mounted after Admiral Lord West, who served as first sea lord, raised concerns about the proposed deals. The government faces pressure to act after Meggitt, an aerospace and defence group, announced on Monday that it had agreed to be bought by American engineer Parker-Hannifin for £6.3 billion. SponsoredUltra, a defence group that supplies submarine-hunting technology to the Royal Navy, is also in talks about selling itself to a rival defence group, Cobham, which is owned by the American private equity firm Advent. The British group’s board has said it is minded to accept a £2.6 billion bid from Cobham if its suitor makes a formal offer. Kwasi Kwarteng, the business secretary,

Source: The Times August 04, 2021 12:00 UTC