BAE Systems working with government to continue Saudi arms deal despite German ban May 9, 2019 Defence giant BAE Systems is working with the government to find a way to continue servicing Saudi Arabia's fleet of Eurofighter Typhoon military jets, despite Germany extending a ban on arms deals with the Gulf kingdom. Read more: German ban on Saudi arms looms large for defence giant BAE Systems The ban, which was originally imposed [...]
RAF missile-maker MBDA’s offices raided by French police April 25, 2019 Police raided the head office of missile manufacturer MBDA last week at the request of merchant bank Aldini which it is involved in a legal dispute with. Police were turned away with MBDA citing the French national defence act, Aldini said. MBDA manufactures the Brimstone anti-vehicle missile and the Storm Shadow cruise missile for the [...]
BAE Systems evacuates workers at nuclear submarine site after bomb scare April 10, 2019 Hundreds of workers at a BAE Systems nuclear submarines shipyard in northern England were evacuated this afternoon after a warning about a bomb on one of the ships. The defence giant, which runs the yard at Barrow-in-Furness, said it had been closed and staff evacuated. Local newspaper the Mail reported that staff had been evacuated. Ambulances [...]
BAE Systems profits rise but German ban on Saudi arms sales looms on horizon February 21, 2019 Defence giant BAE Systems' shares dropped after it said Germany’s boycott on selling arms to Saudi Arabia could be "difficult" for the firm in the long run, and that it had been forced to mitigate supply chain disruptions from the embargo. Announcing the company’s full-year results, chief executive Charles Woodburn said the firm was “taking a [...]
MoD must tackle £14.8bn black hole in decade-long spending plan now, say MPs February 1, 2019 The Ministry of Defence (MoD) must act now to tackle a black hole of up to £14.8bn in its financial plan for the next decade, according to MPs. Public Accounts Committee chair Meg Hillier slammed the department today for “failing taxpayers”, urging it to “bring some much-needed clarity to its priorities and costs”. Read more: BAE [...]
BAE Chairman: Britain should be a ‘critical friend’ to Saudi Arabia after Khashoggi and Yemen January 26, 2019 Britain must remain a “critical friend” to Saudi Arabia, the head of the UK’s largest defence company has said. BAE Systems chairman Roger Carr said that the UK could help Saudi Arabia’s Crown Prince Mohammed bin Salman change his country’s trajectory. Read more: BAE Systems sells off majority stake in UK military vehicle arm to German firm [...]
BAE Systems sells off majority stake in UK military vehicle arm to German firm January 21, 2019 Defence giant BAE Systems has announced it is selling off 55 per cent of its UK military vehicle business to German firm Rheinmetall for £28.6m. The deal will produce a new joint venture called Rheinmetall BAE Systems Land (RBSL), headquartered at BAE Systems’ site in Telford, Shropshire, and will preserve more than 400 jobs in [...]
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 [...]