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
BAE Systems, Babcock shares rise as Israel-Palestine conflict continues October 10, 2023 The share prices of major British and European defence companies nudged higher today as the conflict between Israel and Hamas continued.
Aukus: Government signs £4bn deals to develop ‘hunter-killer’ submarines October 1, 2023 The Defence Secretary has announced £4bn of contracts with British firms for the “hunter-killer” submarine programme.
BAE: British weapons maker launches in Ukraine and pens deals with Kyiv to help fight Kremlin September 1, 2023 British arms manufacturer BAE Systems has launched a legal entity in Ukraine and signed deals to help provide Kyiv with defence weapons and equipment. The firm said it will work directly with Ukraine on securing partnerships to produce 105mm light guns – artillery weapons. BAE is the biggest defence contractor in the UK and has [...]
BAE Systems: Analysts give thumbs up to £4bn-plus Ball acquisition August 17, 2023 BAE Systems, the British defence giant, is set to buy US spacecraft manufacturer Ball Corporation’s Aerospace arm in a $5.55bn (£4.36bn) mega-deal. Shares in BAE slid down over four per cent on Thursday morning after it announced plans to “strengthen” its position as a global provider of space systems and defence technologies with the multi-billion [...]