There has been a recent spate of acquisitions of major UK defence companies by US firms. Notable examples include the Cobham’s sale to Advent International in 2020 and the acquisition of Meggitt by Parker-Hannifin. These deals all have high values, both in terms of deal price and in terms of what the intellectual and information ownership that the UK defence industry will lose; the UK Government continue to walk a tightrope between their neoliberal principles and appeasing a pro-British business voter base.

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