Europe Pushes for Defence Industry Code of Ethics

3 April 2008 (Last Updated April 3rd, 2008 07:04)

The European aerospace and defence industry is asking firms to sign up to a voluntary code of ethics in a drive to improve the industry's reputation. According to the Financial Times, companies will commit themselves to a set of common industry standards, including ensuring that

The European aerospace and defence industry is asking firms to sign up to a voluntary code of ethics in a drive to improve the industry's reputation.

According to the Financial Times, companies will commit themselves to a set of common industry standards, including ensuring that no money or other gifts are illicitly channelled to a potential government customer.

Companies will also be asked to ensure independent advisors are used on foreign arms deals.

The move comes as BAE faces renewed scrutiny over the 1980s Al-Yamamah arms deal with Saudi Arabia.

By staff writer