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As part of closer military ties between Great Britain and France, BAE Systems (BAESY.PK +0.6%)...

As part of closer military ties between Great Britain and France, BAE Systems (BAESY.PK +0.6%) and Dassault Aviation (DASTY +0.7%) have made a joint proposal to develop unmanned planes for the two countries. While collaboration makes sense under budget pressures, the two face competition from EADS (EADSY.PK +2.5%).
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