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Rats out, ship down?

On 12 April, the Stockholm International Peace Research Institute declared that BAE sold £21bn of arms in 2008, though arms sales from BAE’s British factories actually fell, making it the largest weapons manufacturer in the world. On 13 April, four BAE senior executives cashed in share options ahead of military spending cuts expected after the election. Ian King, chief executive, Nigel Whitehead, group managing director, Andrew Davies, group strategy director, and Alastair Imrie, personnel director, took advantage of BAE’s recent share price strength and sold options worth a total of £460,000.

Topics: Arms trade