Defence firm BAE Systems plugs £20m into augmented reality and artificial intelligence on warships November 22, 2018 Defence contractor BAE Systems has today announced a £20m investment to innovate combat systems on its warships, using augmented reality and artificial intelligence to bring its fleet up to date with the latest tech. The firm unveiled several new solutions it has been working on as part of the investment, including augmented reality glasses that would [...]
Meet London’s 25 under 25 up and coming tech stars November 20, 2018 Industry network Tech London Advocates has today launched its first 25 under 25 list, highlighting the best and brightest of the UK's next generation of tech talent. Gathering insight and nominations from its community of over 6,000 technology leaders, founders and investors, the list aims to recognise the breadth of tech expertise in the UK and [...]
BAE Systems’ 2018 forecast buoyed by Budget plans for military spending November 8, 2018 Aerospace giant BAE Systems has reiterated its forecast for flat earnings in 2018 while remaining upbeat about the progress of programmes in the UK and US. BAE was buoyed by Philip Hammond's most recent Budget in which he pledged an extra £1bn for defence between now and the end of next year to modernise key areas [...]
Automation and AI are leading the UK into a new industrial age September 27, 2018 Last year, the government’s Made Smarter Review set out how digital technologies can transform UK manufacturing by 2030. Receiving contributions from more than 200 organisations, the review spelled out how technologies like automation, artificial intelligence (AI), virtual reality, and additive manufacturing could help Britain lead the fourth industrial revolution, raising productivity, creating new, better-paid jobs, [...]
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 [...]