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Defense

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Bloomberg News

* BAE Systems, Europe’s biggest weapons supplier, said it will cut at least 3,800 jobs, or 5.4% of its work force in Britain, to eliminate overlap after the purchase of Marconi Electronics last year. BAE, known as British Aerospace before the acquisition, said it plans to close or consolidate operations at more than 60 sites across Britain. Activities in other countries will be reviewed separately.

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