New Defence Strategy Unveiled

A3.20 The key question is whether investment into the USA is coming at
the expense of further investment in the UK market. The political environment
in the USA and recent trends do not suggest that technology sharing will get
significantly easier in the near term
, and the ease of sharing technology across
national boundaries can affect significantly where companies choose to invest,
particularly in R&D. However, these problems, as well as cost competitiveness,
can also lead US companies to invest directly in the UK. For instance, Raytheon
Systems Ltd, a wholly owned subsidiary of the US Raytheon Company, now
employs 1500 people across the UK and, as well as engagement in a number
of UK projects, is a net exporter, including back to the USA. DTI estimates
that at present defence investment into the UK is exceeded by outward
investment from the UK into the US, but it is unclear whether this is likely
to be an ongoing trend, as the most attractive acquisition opportunities
are taken and as companies seek to integrate their recent acquisitions.

So no tech transfer on JSF, then.

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