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.
Private sector AI forum to launch in January, No10 announce December 20, 2023 A new artificial intelligence (AI) opportunity forum to explore private sector adoption of the technologies will launch in the new year, No10 have confirmed.
UK tech giant first company to receive funds under CHIPS act to bolster US microchip manufacturing December 12, 2023 UK tech giant BAE Systems has secured a landmark grant under the US CHIPS and Science Act - the first company ever to receive the funding.
Chemring: British defence giant has record orders amid increasing global uncertainty December 12, 2023 Aerospace and defence group Chemring has today announced a record order intake for the year ended 31 October amid booming demand
BAE Systems goes on hiring spree as wars push up sales December 5, 2023 BAE Systems is going on a recruitment drive, bulking out with fresh talent from across the country as its orders fly up off the back of war.
Babcock: British defence giant awarded £120m submarine deal supporting 250 jobs November 28, 2023 Since the Russian invasion of Ukraine, and more recently, the Israeli war with Hamas in Gaza, defence firms like Babcock have seen their order books increase