British builder Carillion, which has issued two profit warnings this year, named Andrew Davies as its chief executive on Friday, bringing in a former executive of defense company BAE Systems to help turn around its business.
Davies, currently head of family-owned builder Wates Group, will take over from interim CEO Keith Cochrane on April 2, Carillion said.
The appointment comesRead more
The US president Donald Trump’s assertion that he is saving the Pentagon a fortune on its next generation fighter jet, the F-35, is being disputed again – this time, by the US armed services commitee and one of the partners in the programme.
The lower price on the US$8.2 billion contract is due to cost reductions achieved through a long-plannedRead more
The UAE awarded military contracts worth Dh4 billion to local and international companies on the third day of the International Defence Exhibition (2017), organisers said.
US-based companies Raytheon, Boeing, German company Rheinmetall, South Africa’s Paramount Group and European company BAE Systems bagged some of the biggest deals announced on Tuesday.
Among the local companies that won deals are Abu DhabiRead more