UK govt set to approve new Nimrod contract - report

Posted on: Jul. 17th, 2006 || Source: forbes.com | E-mail Article | Print Article

LONDON (AFX) - The UK government is set to approve the production of twelve revamped Nimrod maritime patrol aircraft, according to The Sunday Times.

The newspaper did not name its source for the story, but said the government is expected to give the project the go-ahead at the Farnborough Air Show this week.

The Nimrod deal earned notoriety in 2001, when delays and cost overruns on the 2.4 bln stg contract led to a public showdown between the Ministry of Defence and BAE Systems PLC, the defence group handling the contract. BAE was forced to issue a profit warning and eventually took a 500 mln stg hit on the contract.

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