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They said they intend to run the Glasgow operation on a smaller scale while looking for a buyer.
BBC: Scotland business
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Lombardi denied there had been "a massive" operation on the scale reported by the magazine, saying there is "no foundation" for the article.
CNN: 'I'm just a pilgrim,' Benedict XVI says in public farewell
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But that would leave BAE a much-diminished operation in the UK, without the scale to compete on the world stage.
BBC: BAE Systems: Where now for the UK's biggest manufacturer?
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Despite the electric buses project in Italy being a success on a small scale, the company has found it tricky to expand the operation.
BBC: Wireless charging - the future for electric cars?
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While Israel launched a large-scale, high-profile military operation late last year focused on targets in Gaza, tensions have been rising more recently in the West Bank.
CNN: Palestinian reported killed by Israeli troops in West Bank
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If companies had not already computerised on a large scale, running everything from their supply chain to their sales operation electronically, they would not be able to connect to the Internet and amplify their reach overnight.
ECONOMIST: Eventually, bigger means different
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The UK troops arrived with around 60 U.S. personnel in eight C-130 aircraft on Thursday to inspect the base for possible use in a large-scale humanitarian operation.
CNN: N.Alliance concern over air base move
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The report calls on a specific budgetary allocation for the Black Sea strategy, with a priority on funding small-scale development projects and cross-border co-operation.
BBC: Black Sea strategy
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Police forces in England and Wales have begun a large-scale operation to collect DNA samples from about 12, 000 serious offenders who are not on the national DNA database.
BBC: A DNA autoradiogram