Tag Archives: U.K.

General Dynamics gets U.S. and U.K. sub fire control contract modification

The U.S. Department of Defense is awarding an $8.8 million contract modification to General Dynamics Advanced Information Systems for work on U.S. and U.K. ballistic and cruise missile submarine fire control systems. The modification will include maintenance on the attack weapon control systems and missile fire-control for the future U.S. Columbia-class and U.K. Dreadnought-class submarines. The work will be… Read More »

Facebook to Cut Tax Bill by Paying $1M Bonuses to U.K. Staffers

Facebook is to award bonuses of £280 million ($396 million) to its U.K.-based staff over the next three years in a bid to offset the amount of tax it has to pay to the U.K. Treasury. Each employee will receive an average of £775,000 ($1.1 million), which Facebook will list as a taxable expense. Each Facebook employee will… Read More »