BAE Systems muscles in on satellite space with defence cluster in-space British aerospace and defence giant BAE Systems is set to unveil a satellite cluster later today. The cluster, made up of four satellites, will be focused on earth observation, intelligence, surveillance and reconnaissance and be rented out to businesses and allied governments alike. Much like the smartphone, the satellites will be able to download different [...]
BAE backed spacecraft designer Reaction Engines prepares for IPO Reaction Engines Boeing and Rolls-Royce backed aerospace engineering firm Reaction Engines is preparing to launch a more than £1bn initial public offering (IPO). The Oxfordshire-headquartered spaceplane designer has told shareholders it intends to raise a pre-IPO round of funding, with a view to listing its shares on public markets as soon as 2024, Sky News first reported. [...]
UK defence and aerospace firms risk being outpaced in STEM skills shortage BAE SYSTEMS REPORT The UK’s defence and aerospace sectors are continuing to be squeezed by a shortage in STEM talent, leaving ‘high-trust’ businesses vulnerable to being outpaced by overseas counterparts. The UK Commission for Employment and Skills revealed earlier this year that 43 per cent of STEM vacancies were hard to fill due to a shortage of applicants, [...]
BAE Systems post revenue over £10bn with Saudi deals a tenth of this as new chair brought in July 28, 2022 BAE Systems reported higher sales and revenue for the first half of 2021 helped by work with Saudi Arabia as it met market expectations and announced a new Chair from next year. The defence company’s sales were up 2.8 per cent from the previous year’s first half to £10.6bn as its revenue climbed 4.3 per cent [...]
Flying high: 10,000 UK jobs supported as BAE Systems cashes in with £500m order for Spanish fighter jets June 24, 2022 Thousands of UK jobs will be supported thanks a mammoth order from Spain for a new fleet of 20 fighter jets, with BAE Systems cashing in £500m of a £1.5bn contract. The major purchase to expand Spain’s armed forces was announced in Berlin this week, and will increase the number of Typhoons in Europe to [...]
BAE Systems and Rolls Royce win £2bn contracts to boost submarine nuclear programme May 9, 2022 BAE Systems and Rolls-Royce have been granted defence contracts worth more than £2bn to boost the country's nuclear deterrent programme.
BAE Systems posts strong 2021 results on the back of global instability February 24, 2022 Weapons maker BAE Systems today posted “strong results,” on the back of mounting geopolitical tensions, after its sales jumped 2 per cent last year, to heights of £21.3bn. The London firm said its orders exceeded expectations in 2021 after its sales increased by £448m, as the firm said it expects “another year of good orders” [...]
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 [...]