BAE wins £270m contract for Royal Navy radars creating hundreds of jobs Best of British Defence giant BAE Systems has been awarded a 10-year contract worth £270 million to support the Royal Navy’s three main radar systems, securing hundreds of jobs. Every major Royal Navy ship from the Queen Elizabeth Class aircraft carriers to the Type 45 destroyers features at least one of the systems, which are designed and built [...]
Indian authorities push forward with “graft” probe into BAE Systems and Rolls-Royce INVESTIGATION CONTINUES INDIAN authorities yesterday took the next step in a long-running, historic case against BAE Systems and Rolls-Royce over alleged graft almost twenty years ago. The authorities allege a “criminal conspiracy” related to the purchase of training jets in 2005, with Indian prosecutors saying in a document seen by Reuters that the deal was done as [...]
India files “criminal conspiracy” charges against BAE and Rolls-Royce GRAFT CASE India has filed a graft case against Britain’s BAE Systems and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers, a document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of Investigation (CBI) in 2016, the federal police [...]
Ukraine war fuels record orders of £37bn for arms titan BAE Systems February 23, 2023 The war in Ukraine helped to boost arms and combat vehicle manufacturer BAE Systems as it reported record orders of £37bn. The company’s sales were up 4.4 per cent in the last year to £23bn as conflict rages in Europe for the first time in decades, while Ukraine’s president recently toured the continent pleading for [...]
FTSE 100’s winners and losers in 2022 December 19, 2022 The Christmas lull is setting in. Investors are bracing to turn off their screens and get away from the daily City grind. Trading volumes on the FTSE 100 are thinning. It’s also that time of year when financial journalists pick through the UK’s worst (and best) performing stocks over the past 12 months. Without further [...]
Defence giant BAE Systems to nearly double apprentice hiring spree next year December 19, 2022 BAE Systems, one of the UK’s biggest defence companies, is set to nearly double its hiring spree next year. The FTSE defence firm is planning to hire more than 2,600 graduates and apprentices next year, across cybersecurity, software development, aerospace engineering, accountancy and human resources. Although BAE typically invests around £100m annually in education, skills [...]
Linklaters cashes in on UK push to bolster naval fleet December 4, 2022 Magic Circle law firm Linklaters is cashing in on the Royal Navy’s push to bolster its fleet with the purchase of five new battleships from British arms manufacturer BAE. The City law firm is advising the UK’s Ministry of Defence (MoD) as it pushes forwards with the purchase of five new battleships from BAE Systems [...]
British defence titans boosted by global tensions November 22, 2022 Britain’s defence titans are benefiting heavily from the volatility sweeping the geopolitical stage, with profits on the rise, full-year outlooks cemented and blockbuster contracts in the pipeline. London-listed defence engineer Babcock today posted a underlying operating profit of £121.7m for the six-months ended to the end of September, compared to £115.3m a year earlier. Meanwhile [...]
Rishi Sunak commits to warship expansion as war in Ukraine continues November 15, 2022 Rishi Sunak has said that the UK plans to build five more British warships as the war in Ukraine continues to rage on. The Prime Minister is currently attending the G20 summit in Bali, Indonesia, which has been dominated by talk of Russia’s invasion. Sunak announced that defence manufacturer BAE Systems had been awarded a £4.2bn contract [...]
Defence giant BAE Systems secures £28bn worth of orders so far this year November 15, 2022 BAE Systems, one of the largest defence companies in the UK, has secured £10bn worth of orders in the second half of this year so far. The London-listed defence firm, which builds military-grade jets, submarines and satellites, has kept its guidance in place while many businesses in the UK nudge them lower amid the economic [...]