BAE Systems working to create £100m army of 1,700 apprentices and graduates in 2022 December 29, 2021 Almost 1,700 apprentices and graduates from across the UK will join defence giant BAE Systems next year. The company said this morning the creation of more than 900 apprentice and 750 graduate and undergraduate roles is the biggest intake of its kind the company has ever offered in a single year. Most of the roles [...]
BAE Systems wins £135m contract to upgrade Typhoon weapons systems August 6, 2021 BAE Systems has secured a new £135m contract to develop the Typhoon fighter jet weapons systems, it was announced today. The investment will support 100 high-skilled manufacturing jobs in the north-west of the UK. The FTSE 100 defence giant was awarded the contract by Eurofighter, the consortium behind the fighter jet. It is the most [...]
BAE Systems kicks off £500m in share buybacks as earnings top £1bn July 29, 2021 Defence giant BAE Systems today announced that it would kick off a £500m share buyback programme after its first half earnings topped £1bn. The FTSE blue chip said that earnings totalled £1.03bn for the first half, up from £849m in the same period in 2020. It also said that it would boost its interim dividend [...]
BAE Systems on track for 2021 targets after strong start May 19, 2021 Defence giant BAE Systems this morning said that it was on track to hit sales and earnings forecasts for 2021. The firm, a major supply to the Ministry of Defence (MoD) and other governments around the world, said that it was well positioned for growth in the coming years due to plans to increase defence [...]
BAE Systems navigates Covid turbulence as sales soar February 25, 2021 Aerospace giant BAE Systems hailed a strong full year performance this morning as sales rose by 4 per cent to £20.9bn in 2020. Operating profit edged up by £31m to £1.9bn as customers rallied for defence and security solutions. Meanwhile, statutory profit was down 11 per cent to £1.3bn. Revenue increased by £1bn to £19.3bn, [...]
Dame Carolyn Fairbairn joins BAE Systems in non-exec role February 11, 2021 City grandee Dame Carolyn Fairbairn has joined BAE Systems as a non-executive director, the defence giant announced today. Fairbairn, one of the Square Mile’s most high-profile figures, was until last year the director-general of the CBI. She has previously held non-exec roles at the CMA, Lloyds Bank, the FSA, and outsourcer Capita. Prior to that, [...]
BAE Systems lock and loads £2.4bn ammo deal November 30, 2020 Defence giant BAE Systems has today signed a £2.4bn contract to supply the UK’s armed forces with ammunition for the next 15 years. The Ministry of Defence said that the deal would support 4,000 jobs around the country over the next decade and a half. The Next Generation Munitions Solution (NGMS) will see BAE make [...]
BAE Systems set for £1.3bn boost from German Eurofighter deal November 12, 2020 Defence giant BAE Systems will receive a £1.3bn windfall from the German government’s purchase of 38 Eurofighter jets, it was confirmed today. Last week German officials announced the deal, which is worth around €5.4bn in total. The FTSE 100 company is part of an Airbus-led consortium which builds the jet fighter. The Times yesterday reported [...]
New fighter jet can support 20,000 jobs, says BAE Systems October 15, 2020 BAE Systems has said that its new fighter jet could support 20,000 jobs in the UK as it seeks to make the case for the new combat air system. The Tempest programme, which is being delivered by the FTSE 100 company alongside a consortium of defence giants, is also predicted to contribute £25.3bn to the [...]
BAE Systems posts weaker half-year profit as it predicts stronger end to 2020 July 30, 2020 BAE Systems posted weaker profit for its coronavirus-struck first half of the year today, despite an increase in revenue. The figures Profit before tax fell 11 per cent to £689m in the six months to 30 June compared to the same period in 2019. Meanwhile revenue inched up five per cent to £9.18bn year on [...]