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ROF Leeds
Royal Ordnance Factory Leeds, first opened as a munitions factory in December 1915 and opened as an ROF in January 1936, was one of a number of Royal Ordnance Factories created at the start of the Second World War. Early site history and production First World War ROF Engineering Factory opened as National Filling Factory No. 1 (Barnbow) in December 1915. Barnbow was Britain's top shell factory between 1914 and 1918, and by the end of the war on 11 November 1918, a total of 566,000 tons of ammunition had been shipped overseas. Second World War Conversion to an Engineering ROF In the late 1930s, war was seen as a possibility, if not likely, and a sizeable rearmament programme began, probably also activated by the concern that a large proportion of the arsenal was becoming obsolete. Post-war Immediate post-war In November 1945 full production began on the uparmoured Centurion Mark II with an order of 800 Munro, Centurion, p. 40 with production lines at Leyland, the Roya ...
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Royal Ordnance Factories
Royal Ordnance Factories (ROFs) was the collective name of the UK government's munitions factories during and after the Second World War. Until privatisation, in 1987, they were the responsibility of the Ministry of Supply, and later the Ministry of Defence. Origin Prior to the 1930s, Britain's ordnance manufacturing capability had been concentrated within the Royal Arsenal, Woolwich. In the late nineteenth century, the term 'Royal Ordnance Factories' began to be used collectively of the manufacturing departments of the Arsenal (principally the Royal Laboratory, Royal Gun Factory and Royal Carriage Works) which, though they shared the same site, operated independently of one another. This use of the term is seen in the name of the Royal Ordnance Factories Football Club (founded 1893) and it continued through the First World War. The emerging threat of aerial bombing, however, prompted the government to consider dispersing its ordnance factories around the country. Development ...
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Alvis Vickers
Alvis PLC was created when United Scientific Holdings plc acquired the Alvis division of the nationalised vehicle manufacturer British Leyland in 1981. United Scientific maintained its own name until 1992 when the group was renamed Alvis plc. Alvis acquired Swedish armoured vehicle manufacturer Hagglunds AB in 1997 and the armoured vehicle business of GKN in 1998. It acquired Vickers Defence Systems from Rolls-Royce in October 2002. Alvis was acquired by BAE Systems in 2004 and became BAE Systems Land Systems (Weapons & Vehicles), now part of the BAE Systems Land & Armaments operating group. History Alvis became part of Rover in 1965, which ended the company's car manufacturing in 1967 to allow it to concentrate on the manufacture of armoured vehicles. In 1968 Rover and its Alvis subsidiary were incorporated into the Leyland Motor Corporation later British Leyland or BL. In 1981 the then nationalised BL sold the Alvis business to United Scientific Holdings for £27  ...
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GKN Plc
GKN Ltd is a British multinational automotive and aerospace components business headquartered in Redditch, England. It is a long-running business known for many decades as Guest, Keen and Nettlefolds. It can trace its origins back to 1759 and the birth of the Industrial Revolution. The company's name is the initials of three early figures in its history: John Guest, Arthur Keen, and Joseph Henry Nettlefold. All three were key figures in the field of iron and steel during the Industrial Revolution. Ivor Guest sold the ''Dowlais Iron Company'' in Wales to Arthur Keen and Windsor Richards of Birmingham's ''Patent Nut and Bolt Company'' in June 1900. They combined the two businesses and formed ''Guest, Keen & Co. Limited'' on 1 November 1900. A little over twelve months later, Guest Keen & Co bought and amalgamated ''Nettlefolds Limited'' into their new combine giving it the style ''Guest, Keen and Nettlefolds Limited''. Throughout the majority of the twentieth century, though ...
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Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Missile
In military terminology, a missile is a guided airborne ranged weapon capable of self-propelled flight usually by a jet engine or rocket motor. Missiles are thus also called guided missiles or guided rockets (when a previously unguided rocket is made guided). Missiles have five system components: targeting, guidance system, flight system, engine and warhead. Missiles come in types adapted for different purposes: surface-to-surface and air-to-surface missiles (ballistic, cruise, anti-ship, anti-submarine, anti-tank, etc.), surface-to-air missiles (and anti-ballistic), air-to-air missiles, and anti-satellite weapons. Airborne explosive devices without propulsion are referred to as shells if fired by an artillery piece and bombs if dropped by an aircraft. Unguided jet- or rocket-propelled weapons are usually described as rocket artillery. Historically, the word ''missile'' referred to any projectile that is thrown, shot or propelled towards a target; this usage is still ...
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HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ...
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Vickers Plc
Vickers plc was the remainder of Vickers-Armstrongs after the nationalisation of three of its four operating groups: aviation (as a 50% share since 1960 of British Aircraft Corporation (BAC) in 1977), shipbuilding ( Vickers Limited Shipbuilding Group in 1977) and steel. It was purchased by Rolls-Royce plc in 1999, and the Vickers company name became defunct in 2003 as Rolls renamed the company Vinters Engineering. History The company was created in 1977 from the rump of Vickers-Armstrongs following the nationalisation of its aviation, shipbuilding and steel businesses. The name was first used by the Vickers family for Vickers Limited – at first a Sheffield steel foundry and later a manufacturing conglomerate – from 1867 to 1927. During the 1980s the company acquired businesses in the automotive engineering sector (principally Rolls-Royce Motors), the defence sector (principally Royal Ordnance Factory Leeds) and the marine engineering sector (principally Kamewa and Ulstein) ...
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Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in the majority of the world's legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goo ...
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Ministry Of Defence (United Kingdom)
The Ministry of Defence (MOD or MoD) is the department responsible for implementing the defence policy set by His Majesty's Government, and is the headquarters of the British Armed Forces. The MOD states that its principal objectives are to defend the United Kingdom of Great Britain and Northern Ireland and its interests and to strengthen international peace and stability. The MOD also manages day-to-day running of the armed forces, contingency planning and defence procurement. The expenditure, administration and policy of the MOD are scrutinised by the Defence Select Committee, except for Defence Intelligence which instead falls under the Intelligence and Security Committee of Parliament. History During the 1920s and 1930s, British civil servants and politicians, looking back at the performance of the state during the First World War, concluded that there was a need for greater co-ordination between the three services that made up the armed forces of the United Kingdom: t ...
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Main Battle Tank
A main battle tank (MBT), also known as a battle tank or universal tank, is a tank that fills the role of armor-protected direct fire and maneuver in many modern armies. Cold War-era development of more powerful engines, better suspension systems and lighter-weight composite armor allowed the design of a tank that had the firepower of a super-heavy tank, the armor protection of a heavy tank, and the mobility of a light tank, in a package with the weight of a medium tank. Through the 1960s and 1970s, the MBT replaced almost all other types of tanks, leaving only some specialist roles to be filled by lighter designs or other types of armored fighting vehicles. Main battle tanks are a key component of modern armies.#House1984, House (1984), ''Toward Combined Arms Warfare: A Survey of 20th-Century Tactics, Doctrine, and Organization'' Modern MBTs seldom operate alone, as they are organized into armoured units that include the support of infantry, who may accompany the tanks in inf ...
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Stock Market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind. Size of the market The total market capitalization of all publicly traded securities worldwide rose from US$2.5 trillion in 1980 to US$93.7 trillion at the end of 2020. , there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of $1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange, these 16 exchanges are all in North America, Europe, or Asia. By country, the largest stock markets as of January 2022 are in th ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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