With an empire spanning the Far East, Middle East, UK and the U.S., Britain’s biggest aerospace and defense company, BAE Systems, has emerged from the global economic downturn and the subsequent cuts in international defense spending in a relatively healthy state. But as the company’s veteran CEO, Ian King, prepares to hand the reins to newcomer Charles Woodburn at the end of this month, the company might encounter headwinds that could blow some of King’s well-laid plans ...

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