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  • LONDON, July 30- Britain's biggest defence company BAE Systems reiterated guidance for marginal earnings growth this year, a forecast which it said remained conditional upon securing new orders for fighter jets. BAE Systems, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers...

  • LONDON, July 30- Britain's biggest defence company BAE Systems reiterated guidance for marginal earnings growth this year, a forecast which it said remained conditional upon securing new orders for fighter jets. BAE said in February that for 2015 it expected underlying earnings per share to be marginally higher than the 38 pence per share it made in 2014 if it...

  • PARIS— French and German executives from two of Europe's leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense market. The tie-up between France's state-owned Nexter Systems and privately held German firm KMW was inked in Paris at the Defense...

  • French state-controlled Nexter Systems and privately-held Krauss-Maffei Wegmann GmbH& Co KG of Germany have been in exclusive tie-up talks for more than a year. One apparent sticking point had been the reported preference of German Vice-Chancellor Sigmar Gabriel for an all-German merger of KMW with automotive and defense group Rheinmetall designed to...

  • PARIS, July 28- France is confident of winning two more foreign orders for its Rafale fighter jet by the beginning of next year as it seeks to extend a spate of recent export successes, a source familiar with the matter said on Tuesday. After failing for years to win an order for its warplane, France has sold 24 Rafales each to Egypt and Qatar in recent months and is in...

  • PARIS, July 28- French and German armoured vehicle makers Nexter and KMW are to seal their long-planned merger on Wednesday, the French defence ministry said, combining the Leclerc and Leopard tank brands to compete with the U.S.-made Abrams and Britain's Challenger. The merged company will be 50 percent owned by the French government through GIAT Industries...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • WASHINGTON, July 15- The U.S. government on Wednesday said it had approved Lockheed Martin Corp to upgrade 134 U.S.-made F-16 jet fighters for South Korea with new mission computers, radars and other equipment in a deal worth an estimated $2.5 billion. South Korea initially chose the U.S. unit of Britain's BAE Systems Plc to do the upgrades, but canceled the deal in...

  • *Japan naval officers held meeting with NATO in May. *U.S. sees Japan leading multinational defence projects in Asia. TOKYO, July 10- Japan is interested in joining a NATO missile building consortium that would give Tokyo its first taste of a multinational defence project, a move the U.S. Navy is encouraging because it could pave the way for Japan to lead similar...

  • SCHROBENHAUSEN, Germany, June 25- The German armed forces want to order between 8 and 10 units of the MEADS air and missile defence system for the time being, the managing director of manufacturer MBDA Deutschland GmbH said on Thursday. Germany said this month it would buy the MEADS system from Europe's MBDA and Lockheed Martin Corp instead of an updated Patriot...

  • LONDON, June 25- Business chiefs from companies including BT, easyJet and a local cider maker called on Prime Minister David Cameron to keep Britain in the European Union as he prepared to ask EU leaders for a new deal. A Eurosceptic group published a report this week arguing that Britain could prosper outside the EU, which Britain joined in 1973..

  • *In talks with BAE Systems and General Dynamics on body design. Marine general visited Mitsubishi Heavy Industries in Japan to look at a prototype of an amphibious assault vehicle that could one day be a key pillar in Prime Minister Shinzo Abe's push to sell weapons abroad. Mitsubishi designers believe the prototype shown to U.S. Marine Corps Pacific commander...

  • Overcapacity stifling Europe's defense industry Monday, 22 Jun 2015 | 9:55 AM ET

    *Europe remains hampered by defense market overcapacity. PARIS/ BRUSSELS, June 22- Europe's politicians need to put aside national pride and security sensitivities and let the defense industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say. But Europe has failed to follow the example of...

  • Overcapacity stifling Europe's defence industry Monday, 22 Jun 2015 | 9:55 AM ET

    *Europe remains hampered by defence market overcapacity. PARIS/ BRUSSELS, June 22- Europe's politicians need to put aside national pride and security sensitivities and let the defence industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say. But Europe has failed to follow the example of...

  • WASHINGTON, June 19- The United States has sued a Texas- based subsidiary of global defense company BAE Systems Plc for overcharging the U.S. Army in a contract to build 20,000 military trucks, the Department of Justice said on Friday. BAE Systems Inc, the U.S. unit of London- based BAE Systems Plc, did not immediately respond to a request for comment.

  • WASHINGTON, June 9- The State Department notified Congress on Tuesday that it has approved potential arms deals worth nearly $2.4 billion with South Korea and Lebanon, including three Aegis Shipboard Combat Systems for Seoul and six close air support planes for Beirut. The two separate notifications were to advise Congress of potential sales but do not mean...

  • WASHINGTON, June 9- Germany said on Tuesday it will buy the MEADS air and missile defense system from Europe's MBDA and Lockheed Martin Corp instead of an updated Patriot system offered by Raytheon Co, but said the companies would have to meet demanding performance milestones to retain the contract. Germany funded a quarter of the $4 billion invested by it, the...

  • UPDATE 2-Airbus wins board spat with Spain, to renew CEO Wednesday, 27 May 2015 | 2:56 PM ET

    AMSTERDAM, May 27- Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe's largest aerospace company consolidated a recent push for political independence. France and Germany own 11 percent each of Airbus Group and Spain controls 4.1 percent.

  • Germany lobbies India to buy Eurofighters, submarines Wednesday, 27 May 2015 | 8:31 AM ET

    NEW DELHI, May 27- Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Germany has taken the lead in the sales pitch to India for the Eurofighter, made by Alenia Aermacchi, a subsidiary...

  • INSIGHT-Germany turns on its top gunmaker Tuesday, 12 May 2015 | 8:09 AM ET

    OBERNDORF, Germany, May 12- In the lush forests of southern Germany sits a fenced-in compound of drab white buildings that house a company under siege. But lately, the mood in Berlin has shifted. Last year, Berlin reversed course on arms exports following a storm of media criticism.