Government financed deal to sell 33 military aircraft to Qatar takes off with first payment September 18, 2018 A £5bn deal for Qatar to buy 33 military aircraft has been finalised today. after supplier BAE Systems received its first payment. The aerospace company will make 24 Typhoons and 9 Hawk at its factories in Warton and Brough, as well as provide bespoke support and training for the vehicles. The deal was funded by [...]
UK pensions deficits: FTSE 100 firms fear pension pain as workers retire September 6, 2015 Pension schemes represent a “material risk” for many of the largest companies in the FTSE 100, new research shows. Six firms, including BAE Systems, British Airways-owner International Airlines Group, RSA and Royal Bank of Scotland, all have total disclosed pension liabilities almost double their equity market value, so says JLT Employee Benefits’ quarterly report [...]
BAE Systems on hunt for exports and replacement for Ian King July 19, 2015 Defence company BAE Systems is on the lookout for a new leader, but is yet to launch a formal recruitment process. The group is considering its options to replace current chief executive Ian King. A spokesperson for the company said yesterday: “We have not launched a formal succession process; we are simply scanning [...]
UK’s £56bn aerospace, defence, security and space sectors come out strongly against Brexit June 11, 2015 A whopping 86 per cent of the UK's £56bn-a-year aerospace, defence, security and space sectors want Britain to remain part of the European Union, a new study has found. Just two per cent of companies in the combined sectors' trade body ADS said Brexit would have a positive impact on their business. The [...]
BAE Systems sees upturn in 2015 as hopes rise of defence spending increase February 19, 2015 British weapons-maker BAE Systems is gambling on securing the sale of more Typhoon fighters as well as naval orders this year amid belief that the worst was over for spending cuts in its key US market. Profits at the world’s third-largest defence contractor by revenue have been hit in recent years by government spending cuts, particularly [...]
What does 2015 hold in store for cyber crime? BAE releases five predictions for the year ahead December 23, 2014 This year has had more than a few digital crimes committed, ranging from the North Korea Sony hack, which is still playing out, to the iCloud hack known as iBrute, resulting in nude photos of celebrities being published online. But what does 2015 hold in store for digital crime, and how can we protect [...]
BAE takes flight in cyber security sector with $233m bid for SilverSky October 21, 2014 Defence firm BAE Systems is looking to expand into the cyber security sector with a $232.5m (£144.2m) bid for SilverSky. SilverSky, owned by US company Perimeter Internetworking, is a cloud-based security services provider with 5,500 customers in the financial services, retail, healthcare, energy, critical infrastructure and manufacturing sectors. It is focused mainly on the US [...]
BAE Systems share price falls after further job cuts announced October 9, 2014 BAE Systems' share price fell after it revealed further job cuts today. The defence giant is cutting up to 440 managerial positions from its Military Air & Information (MAI) business, with the brunt of jobs being lost at its Lancashire base. Its share price had fallen 0.7 per cent after the announcement. The [...]
Strong sterling hits British aerospace firms Rolls-Royce and BAE systems July 31, 2014 The pound’s strength yesterday continued to strike a blow to the profits of major British companies. Huge aerospace and defence firms Rolls-Royce and BAE systems, as well as engineering company Weir Group all announced that their profits had taken a hit from the currency’s rise. Both BAE and Rolls-Royce also said they had suffered from [...]
Hedge fund attack was not real, says BAE systems July 3, 2014 Last month, an employee of BAE Systems described a hacking that took place against an unnamed hedge fund, which he said caused it to lose millions of dollars. He said that the attackers had stolen portable company secrets by installing malware software, and in the process slowed down high-speed trading. But a spokeswoman [...]