U.K., France Said to Delay Drone Contract on Spending Review
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BAE Systems Plc and Dassault Aviation SA are taking longer than they had aimed to secure a contract for an armed, unmanned drone for the U.K. and France as the new French government assesses spending priorities, two people familiar with the negotiations said.
The two countries had aimed to approve the development contract, valued at about 1 billion euros ($1.23 billion) at this week’s Farnborough air show, and those plans have now been canceled, said the people, who asked not to be identified because the negotiations are private.