Armor set to pay US government $30m

Settlement to be paid to resolve claims the company knowingly sold defective equipment, a claim it denies saying it acted responsibly

• Deloitte to audit BAE
• BAE’s Turner warns over defence spending

US defence industry attacks delay to UK pact

Weapons companies attack the Senate foreign relations committee for its decision to delay a treaty designed to bolster Anglo-American defence co-operation until the next Congress

Airbus gives lift to supplier Latécoère

Airbus will step in to help one of its key suppliers in an attempt to head off further setbacks to its ambitious production programme

Deloitte to audit BAE

BAE Systems has appointed Deloitte to conduct an independent review of its business practices to ensure they meet the highest ethical standards

EADS chief wades into dispute over delays

Louis Gallois, chief executive of EADS, has stepped in to resolve an escalating row with one of the Franco-German aerospace group’s suppliers over costly delays to the A400M military transport aircraft programme

EADS delays maiden flight of A400M

EADS said it had postponed the maiden flight of its A400M military transport aircraft, planned before the end of the year, because the engines were not ready

Eclipse lands Russian jet deal

Eclipse Aviation, the troubled US maker of four-seat very light private jets, said it had reached an agreement to begin assembly of the aircraft in Russia from 2010

New business behind Aero Inventory advance

Contract wins in Canada and Japan helped Aero Inventory, the wholesaler of aircraft parts, increase revenue from $247m to $440m (£239m) last year.