Part of the debate – in the House of Commons at 4:22 pm on 23rd May 1995.

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Photo of Mr Michael Heseltine Mr Michael Heseltine President of the Board of Trade 4:22 pm, 23rd May 1995

I am proud to say that I think that I have helped British Aerospace to conclude the largest overseas contract ever won by any company in this country. I was proud to negotiate with British Aerospace the conclusion of the European fighter aircraft deal, which I think was the largest international contract that this country has ever entered into.

I have every sympathy for British Aerospace's position. I do not know whether it will continue its bid or whether it will be successful. British Aerospace has not been prejudiced in any way; it is a matter for British Aerospace to decide how it wishes to expand its activities.