BAE Systems plots £220m transformation to create hundreds of jobs Business Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]
Qinetiq orders grow as defence boom continues Business Qinetiq inked a £150m deal with the British Army to deliver "tactical military communications," in the most recent quarter.
BAE Systems raises full year guidance amid ongoing geopolitical tension Business BAE systems upped its full year guidance and hiked its interim dividend off the back of a bumper half year trading update which saw healthy jumps in revenue and profit.
Will Starmer dare deal with the merchants of death? July 1, 2024 There’s one substantial, profitable sector where industrial strategy could actually work: Defence. But with some on the left calling for an arms embargo, will the Labour leader look to defence as the driver of growth it could be? Asks Eliot Wilson If you can find solid principles underlying the Labour Party’s economic and industrial policy, [...]
UK defence sector raked in £28bn last year as war drives military spending June 26, 2024 The UK defence sector grew by 36 per cent between 2013 and 2023 and raked in £28bn last year as war drives military spending globally, according to a new report.
Qinetiq share price soars as global defence spending rises May 23, 2024 Defence contractor Qinetiq has hiked its dividend as a surge in national defence spending lifted full-year profit to £215.2m.
BAE Systems expect another bumper year as Ukraine and Gaza wars boost defence spending May 9, 2024 BAE Systems has maintained its guidance on sales and earnings for the year ahead as conflict in Ukraine and the Middle East rages on.
Babcock and Airbus chiefs call on UK to boost defence spending March 24, 2024 Two of the UK's biggest defence firms have called on the government to spend more on its armed forces amid the "changing face" of warfare.
BAE Systems: Weapons giant eyes £24.6bn revenue on ‘elevated threat’ environment February 18, 2024 Investors are looking ahead to BAE Systems results next week, with the weapons giant set to cash in on a boom in global defence spending.