BAE Systems raises full year guidance amid ongoing geopolitical tension August 1, 2024 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.
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence April 12, 2024 Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
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 lands contract to build Aussie nuclear-powered submarines creating 1,170 UK jobs March 21, 2024 The UK and Australia have appointed manufacturer BAE Systems for a multibillion-pound contract to build a fleet of next generation nuclear-powered submarines in a boost for Britain's defence sector.
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.
Major BP investors pushing for BAE chief to be next CEO January 7, 2024 Several major investors in BP have reportedly urged the oil and gas giant to approach Charles Woodburn, boss of defence firm BAE Systems, about becoming its next chief executive.