All the updated news related to bae systems

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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 currently chair of commercial ...

28 Jul 2022 at 12:31

City

Defence head admits ‘teething problems’ in £26-billion Australia warship project

Britain’s head of the armed forces has assured Australia that a troubled British-designed frigate project is on track despite “teething problems”. The £26-billion-pound project which the British company BAE Systems won the Australian contract ...

30 Jul 2022 at 07:23

UK to send armoured missile launchers to Ukraine as Russian offensive begins

Britain will reportedly soon send armoured missile launchers to Ukraine after Russia started its full-scale offensive to take control of the country’s east. The Ministry of Defence demonstrated the Stormer High Velocity Missile (HVM) ...

19 Apr 2022 at 04:25

City

European stocks plunge as sanctions worry traders

Early hopes faded quickly in London as the city’s top markets plunged lower again as fighting continues in Ukraine. Markets in London nevertheless made smaller losses than their counterparts elsewhere in Europe as defence giant BAE ...

01 Mar 2022 at 18:55

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 ...

17 Nov 2022 at 14:13

Australian Prime Minister tells of ‘warm’ meeting with the King

Australian Prime Minister Anthony Albanese said he had a “warm” meeting with the King and respected him as the country’s head of state, despite being a republican. The politician, in the UK ahead of the coronation, spoke after ...

03 May 2023 at 17:42

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 ...

13 Mar 2023 at 21:26

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 ...

13 Mar 2023 at 20:00

Funding defence companies should count as ethical investment, says Shapps

Funding defence companies should count as ethical investment because military spending “helps prevent war”, the Defence Secretary has said. Defence companies have long been excluded from so-called “environmental, ...

12 Sept 2023 at 17:50

City

BAE buys US defence giant Ball Aerospace for £4.4bn

UK defence contractor BAE Systems has said it has signed a multi-billion dollar deal to buy a company which supplies parts to the James Webb telescope and the US’s fighter jets. BAE said it would buy Ball ...

17 Aug 2023 at 09:24

City

BAE Systems hikes full-year outlook on military spending boost

Defence giant BAE Systems has upped its full-year earnings outlook after notching up a new record for orders as the war in Ukraine drives military spending higher. Britain’s biggest defence company said ...

02 Aug 2023 at 08:58

City

BAE Systems sees record order backlog amid wars in Gaza and Ukraine

Weapons manufacturer BAE Systems saw its order backlog soar to a record of nearly £70 billion as countries around the world continued to try to build up their military capacity last year. Amid wars in ...

21 Feb 2024 at 12:37

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