Fears over the sale of some of Britain's leading defence firms to US private equity barons have surfaced as defence giant Chemring is being targeted.
The UK faces concerns over US private equity firms acquiring British defense companies, highlighted by Bain Capital's £1.1 billion bid for Chemring. Critics, including Lady Cobham and Lord Heseltine, warn against the "buy, strip, flip" model, suggesting the use of "golden shares" to block such takeovers. The situation underscores the need to protect the domestic defense industry for national security, especially amid uncertainties regarding US military support under President Trump.
