Babcock International and BAE Systems have won contracts worth a total of 3.2 billion pounds ($5.2 billion) to maintain British warships, submarines and naval bases for the next five years.
The agreements secured 7,500 jobs across
Europe's biggest defence contractor BAE Systems said it would reorganise its interests in Saudi Arabia into one company to enhance its relationship with Riyadh Wings, its partner there.
The two groups will bring their activiti
British defence contractor BAE Systems has agreed pricing with Saudi Arabia over a long-running Eurofighter jet deal with the kingdom, the company said on Wednesday.
BAE has had to trim its full-year earnings forecasts for the las
British defence firm BAE Systems is making progress on a deal with Saudi Arabia over the pricing for Eurofighter jets, its chairman signalled, a key milestone for the company.
"Watch this space," Richard Olver told Reute
Britain's fraud agency said it lost 32,000 pages of data and 81 audio tapes linked to a bribery investigation involving Britain's biggest defence contractor, BAE Systems, in another embarrassment for the organisation.
BAE Systems said it expects a long-awaited multi-billion dollar Saudi jet deal to complete in the second half of this year, enabling it to forecast a more than 10 percent lift to yearly underlying earnings.
The Royal Navy of Oman (RNO) has taken delivery of the first warship built by BAE Systems as part of a project for the design, build and delivery of three corvettes in a ceremony at HM Naval Base Portsmouth.
Employees and guests,
The collapse of the proposed merger between BAE Systems and EADS will shift the focus to smaller deals among global weapons makers as companies strive to keep revenue rising in the face of cuts in military spending by the United States and Europ
Qatar Airways backs the proposed $45 billion merger of EADS and BAE Systems, the Gulf carrier's chief executive said on Tuesday, arguing a combined entity would make better products.
Airbus parent EADS and BAE Systems are batt