According to news reports, 50 youths were hired by MI5 to fight cyber attacks. Attacks have already been traced by the new cyber professionals to China, Russian, and Pakistan. The youths have also discovered messages from terrorists in a maximum security prison.
The State Department has cleared a potential $401.3M foreign military sale of follow-on contractor logistics support for the U.K. government's C-17 Globemaster III transport aircraft.
Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham.