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 [...]
City minister slams British investors ‘defunding’ UK defence giants like BAE August 7, 2023 City minister Andrew Griffith has slammed UK investors’ decision to move away from the country’s top defence firms such as BAE Systems. According to data from the London Stock Exchange, reported by the Financial Times, fund managers based in the UK have cut their holdings in defence firms, including BAE Systems and Qinetiq, by around [...]
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
BAE wins £270m contract for Royal Navy radars creating hundreds of jobs June 9, 2023 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 May 30, 2023 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 May 29, 2023 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 [...]