Article: Evening Standard, London, Business Insider column.

Evening Standard, London Knight Ridder/Tribune Business News

Aug. 10--It has long been supposed that BAE Systems' fate lies across the Atlantic, that at some stage the firm will fall into the hands of one of the American giants of the defence industry. But could its future lie closer to home?

Industry watchers have been impressed by the plans of Italy's national champion, Finmeccanica, to flog off its underperforming engineering businesses and invest billions of euros bulking up its defence operations (recently splashing out UKpound 1 billion to take control of Westland Helicopters).

These same observers were even more impressed by ...

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