Defence group BAE Systems has issued a warning that the protracted US government shutdown, the longest in history, could potentially delay contract funding and payments if it remains unresolved.

Europe's leading defence contractor stated that while the extended shutdown has not yet had any "material" effects on its US operations, there could be repercussions on contracts before the year ends.

The company said: "We are encouraged by the momentum in Congress to end the US government shutdown, especially the positive actions of this week.

"To date, we do not see material effects on our US business.

"If the shutdown persists, delays to contract funding and timing of payments before year-end are possible."

There is optimism that the US government shutdown may be nearing its end, with a spe

See Full Page