BAE Systems

BAE Systems

Defence cuts will hit BAE's UK operations

BAE Systems, Europe's largest arms contractor, yesterday warned the government's defence review would lead to lower growth for its UK operations.

BAE upbeat despite defence cuts concerns

DEFENCE contractor BAE Systems is still in talks with regulators about the renewal of its US export licences and also expects to shrug off the loss of a key British Army contract to deliver earnings growth in 2010.

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BAE jobs change of heart looks too late

DEFENCE giant BAE Systems has pledged to reverse job cuts in a last-ditch bid to win a £4 billion deal for armoured vehicles.

BAE sells off 10.25% Saab stake for £120m

DEFENCE contractor BAE Systems has sold a 10.25 per cent stake in Swedish defence company Saab AB for 1.066 billion kronor (£120 million) as part of an ongoing divestment process.

BAE in union talks over plans to axe 230 jobs

BAE Systems plans to axe up to 230 jobs at a submarine site following a review of its business, the company announced yesterday.

BAE Systems to pay £286m fines after pleading guilty to criminal charges

DEFENCE giant BAE System will plead guilty to two criminal charges and pay £286 million in fines to settle corruption claims in the UK and the United States.

BAE Systems former agent charged with bribes to win jet contracts

A FORMER Austrian agent for British arms company BAE Systems was charged with corruption over Eurofighter jet contracts yesterday.

BAE Systems announces staff cuts at Fife operation

BAE Systems announced today that its Hill End plant in Fife is one of eight sites in the UK facing a reduction in staff numbers.

Aircraft jobs set to go as axe falls on 60 BAE posts

DEFENCE and aerospace company BAE Systems yesterday announced that dozens of jobs will be lost in its regional aircraft business in the UK.

BAE upbeat in face of bribery allegations

BAE Systems, the world's second biggest defence contractor, has said it is too early to assess the likely cost of a looming fraud inquiry into allegations of bribery.

BAE to buy VT Group shipbuilding wing

VT GROUP has ended its 150-year link with the shipbuilding industry by sealing a previously flagged deal to sell its naval interests to BAE Systems.

BAE to close plant and axe 1,100 jobs

BAE Systems is to axe 1,100 jobs and shut down one of its sites, the defence giant revealed yesterday in the latest hammer-blow to British manufacturing.

BAE shares down 5% as it reveals £3bn pensions gap

NEWS that BAE Systems' main pension scheme deficit had ballooned to more than £3 billion overshadowed a double-digit rise in underlying profits yesterday, sending shares in the defence and shipbuilding giant down 5 per cent.

BAE profits soar 31% as it cashes in on global wars

DEFENCE group BAE Systems yesterday reported a 31 per cent surge in annual profits and said it expected a "further year of good growth" in 2009.

VT makes its final shipyard departure with £300m sale

BAE Systems will take back full control of two Clyde shipyards after its joint venture partner, VT Group, took an option yesterday to sell its stake in the merged business for an estimated net gain of £300 million.

BAE signs £3 billion ammunition contract with Ministry of Defence

ARMS giant BAE Systems has signed a 15-year deal with the Ministry of Defence (MoD) to supply ammunition to British troops, it was announced today.

BAE Systems chief on move

THE chief executive of BAE Systems is to take on the role of chairman of Rosyth dockyard operator Babcock International.

Two held in US in arms-deal probe

TWO BAE Systems executives were detained at Houston airport, Texas, by the US department of justice probing a £43 billion arms deal with Saudi Arabia.

BAE arm contributes £392m to economy

A STUDY by Fraser of Allander Institute has shown that the contribution of BAE Systems' Surface Fleet Solutions business to the Scottish economy increased by £139 million to £392m in 2007 compared with the year before.

High Court overturns decision to drop BAE-Saudi arms deal inquiry

THE decision to drop a criminal investigation into an alleged £1 billion of backhanders paid by the UK's biggest arms company to Saudi Arabia was ruled illegal at the High Court yesterday.

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