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DEFENCE giant BAE Systems has pledged to reverse job cuts in a last-ditch bid to win a £4 billion deal for armoured vehicles.
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 Systems plans to axe up to 230 jobs at a submarine site following a review of its business, the company announced yesterday.
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.
A FORMER Austrian agent for British arms company BAE Systems was charged with corruption over Eurofighter jet contracts yesterday.
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.
DEFENCE and aerospace company BAE Systems yesterday announced that dozens of jobs will be lost in its regional aircraft business in the UK.
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.
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 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.
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.
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.
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.
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.
THE chief executive of BAE Systems is to take on the role of chairman of Rosyth dockyard operator Babcock International.
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.
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.
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.