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Bae Systems

Volume 408: debated on Thursday 10 July 2003

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To ask the Secretary of State for Trade and Industry if she will make a statement on the possible use of the Government's golden share in respect of a takeover bid being made for BAE Systems. [125379]

We have received no formal approach related to the future of BAE Systems. If one is received, we would seek to protect the essential security interests in this country through the provisions of the "special share".