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Latest defence & aerospace news

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Saudis award 9,000km border security work
- EADS will be building a fence along Saudi Arabia's borders with Iraq and Yemen to ensure safety from all criminal activities and to stem the flow of illegal immigrants into the country
Warning of 10-15% reduction in defence budget
- Britain's defence budget will be slashed by between 10 and 15 per cent in real terms between 2010 and 2016 as a result of fiscal pressures and the political need to maintain spending on health and education
Avanti raises £31m to secure satellite launch
- The extra funding will allow the broadband company to switch to Arianespace's service, which has an unbroken record for successful launches
ANA to increase order for 787s
- All Nippon Airways' shares fell sharply, as the Japanese carrier announced plans to raise Y183bn ($1.9bn) in fresh equity to strengthen its finances and help fund an increase in its orders for Boeing's 787 Dreamliner

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