Eurofighter programme annual production rate to be slashed

The Eurofighter programme's annual production rate is to be slashed dramatically as partner nations Germany, Italy, Spain and the UK battle economic difficulties.

Details of the reduction emerged as BAE Systems announced plans to axe about 3,000 jobs at several of its sites around the UK, including its Eurofighter Typhoon final assembly site at Warton in Lancashire.

"The four partner nations in the Typhoon programme have agreed to slow production rates to help ease their budget pressures," said BAE chief executive Ian King. Continue reading...

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