All the updated news related to bae systems

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Scotland

Independent Scotland’s navy would support shipbuilding industry – Sturgeon

The navy in an independent Scotland would help to support shipbuilding in the country, Nicola Sturgeon has said. The First Minister was speaking after the UK Government announced plans to build five Type 26 frigates, at a cost of £4.2 billion, in ...

17 Nov 2022 at 14:13

Aukus sub deal will help maintain security and keep oceans free, Sunak says

The UK, US and Australia will work together “keeping our oceans free” with a new generation of nuclear-powered attack submarines, Rishi Sunak said. The Prime Minister said the Aukus partnership would deliver “one of the most advanced” submarines ...

13 Mar 2023 at 21:26

City

FTSE 100’s small losses over 2022 help it outperform international markets

The UK’s FTSE 100 fell by just 0.7% in 2022 and the pound lost about 1.5 cents against the US dollar, after surviving a tumultuous year beset by war in Ukraine, post-Covid recovery and mini budget turbulence. London’s top index outperformed ...

31 Dec 2022 at 09:00

Scottish shipyards need ‘greater clarity’ over future military orders, say MPs

Scottish shipyards need “greater clarity” from the UK Government over where contracts for new naval vessels will be placed in the coming decades, MPs have said. Members of the Scottish Affairs Committee made the plea as they challenged ...

27 Jan 2023 at 00:01

Submarine HMS Anson makes maiden journey

Defence Secretary Ben Wallace has said he was “proud” to see the submarine HMS Anson make her maiden journey. The Astute Class nuclear-powered attack submarine, which was built at a cost of £1.3 billion, was formally commissioned into ...

19 Feb 2023 at 13:53

Australia to operate nuclear-powered submarines based on British design

Australia will operate a new generation of nuclear-powered submarines based on a British design as both countries modernise their navies. The Aukus deal – involving Australia, the UK and US – will see the new boats in operation in ...

13 Mar 2023 at 20:00

Scotland

Students stage sit-in urging university chiefs to drop arms investments

Students from Glasgow University have demanded the institution’s leadership stop investing in arms companies as they staged a sit-in responding to the hostilities in Gaza. A group of students from the group Glasgow Against Arms ...

20 Nov 2023 at 17:10

City

BAE Systems on track for earnings hike as global conflicts boost orders

Defence giant BAE Systems has said it remains on track for a surge in annual earnings as countries increase military spending amid the conflict in Gaza and Russia’s war in Ukraine. The group – which builds ships, submarines ...

13 Nov 2023 at 09:32

City

BAE Systems confirms appointment of first female chair as profit rise

Defence giant BAE Systems has confirmed that Cressida Hogg will become its first female chair as the group launched a £1.5 billion share buyback programme. The UK’s largest defence contractor said Ms Hogg – who is ...

28 Jul 2022 at 12:31

Official documents on £1.3bn navy submarine found in Wetherspoons pub – report

Official documents about a £1.3 billion Royal Navy “hunter killer” submarine were reportedly found in the toilets of a Wetherspoons pub. The Sun reported that files carrying details about the HMS Anson were left ...

28 Apr 2023 at 23:19

Investigation launched after defence factory explosion

An investigation has been launched following an explosion at a factory belonging to Britain’s biggest defence firm. BAE Systems said the incident occurred at its site in Glascoed, Monmouthshire, South Wales, on ...

17 Apr 2024 at 15:01

PM hails nuclear ‘renaissance’ as minister says ‘we are running to catch up’

The Conservatives have overseen a “renaissance in the nuclear industry”, the Prime Minister has said after the minister in charge of the sector said the Government should have set out plans for its future ...

25 Mar 2024 at 14:08

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