Defense industry Hosts ethics summit
The Society of British Aerospace Companies is conducting two summit sessions here at Farnborough to promote ethical business practices in the defense sector, and to further the drive to harmonize standards on a global scale. The first meeting is today, when representatives from Europe and the U.S. meet to discuss their ethical codes and a proposed harmonization process. A second session, on Thursday, involves representatives from around the world. Europe and the UK already have well advanced toward introducing ethical business standards, viah the Europe-wide aerospace and defense Industries of Europe (ASD) Common Industry Standards. This has already resulted in some companies turning away business in order to meet ASD requirements.