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BAE Systems PLC

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  • LONDON, April 24- Europe's biggest defence contractor BAE Systems has hired advisers to carry out a review of its U.S-based IT and analysis support businesses in a move that could lead to their sale. Shares in the company rose 4 percent in early trade and were 1.8 percent higher at 513 pence by 0746 GMT, putting them among the biggest gainers on the UK benchmark FTSE...

  • South Korea seeks bigger role in global arms bazaar Wednesday, 22 Apr 2015 | 4:53 AM ET

    While Park did not come away with a new contract, state-run Korea Aerospace Industries is in the running for a contract to supply Peru with 24 of its FA-50 fighter jets, worth as much as $2 billion. The industry, developed mostly with American technology during a decades-long standoff with North Korea, is hoping to sustain that growth by selling beyond its main...

  • *Singtel moving beyond being a pure-play telco. The deal comes as Singtel is moving away from being a pure-play telecoms company and pursues expansion in areas such as "digital life", which includes mobile video and digital advertising, and cyber security through partnerships with FireEye Inc and Akamai, among others. Singtel, which owns stakes in regional...

  • WASHINGTON, March 27- The U.S. Defense Department on Friday said it will be "demanding but fair" in negotiations with Lockheed Martin Corp for the next two batches of F-35 fighter jets, one of the Pentagon's largest-ever sole-source contracts. We intend to be a demanding but fair customer, " Shay Assad, the Pentagon's director of defense pricing, told Reuters in an...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • NEW YORK, March 20- Linda Hudson, former CEO of the U.S. arm of British defense company BAE Systems Plc, is among the women that boards call on when they are looking for a female director. "You often don't get the enlightened thinking of reaching beyond the obvious candidates," said Hudson, who sits on the boards of Bank of America Corp and utility Southern Co., and is...

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • Moscow- based cybersecurity firm Kaspersky Lab has become a leading authority on American computer espionage campaigns, but sources within the company say it has hesitated at least twice before exposing hacking activities attributed to mother Russia. Meanwhile, U.S. cybersecurity firms CrowdStrike Inc and FireEye Inc have won fame by uncovering...

  • US Army secretary optimistic on relief from budget caps Wednesday, 25 Feb 2015 | 10:26 AM ET

    McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...

  • *UAE signs $1 bln satellite contract with Airbus, Thales. *UAE spends 9.5 bln dirhams on defense contracts at IDEX. ABU DHABI, Feb 23- The United Arab Emirates is still in talks with both BAE Systems and Dassault Aviation over the possible multi-billion-dollar purchase of fighter jets, a spokesman for a major UAE defense organization said on Monday.

  • LONDON, Feb 20- Britain agreed an 859 million pound contract with BAE Systems on Friday, giving the green light to the British defence company to continue with the next phase of design for a new fleet of warships. BAE Systems has been working on plans to provide Britain with 13 new Type 26 complex warships since 2010. The new contract paves the way for it continue to...

  • *2014 EPS of 38 pence in line with 37.7 pence forecast. LONDON, Feb 19- BAE Systems, the world's third-largest defence contractor by revenue, said it believed the worst was over for spending cuts in its key U.S. market as it forecast that earnings would return to growth in 2015.. Its profits have been hit in recent years by government spending cuts, particularly in the...

  • ABU DHABI, Feb 19- International firms will scramble for new orders at the Middle East's largest arms show which opens in Abu Dhabi next week as oil-rich Gulf states load up on weapons in a region rocked by instability and violence. For the first time, a dedicated exhibition of unmanned systems with 33 exhibitors is being launched at IDEX. IDEX exhibitors include...

  • SYDNEY, Feb 19- Australia will hold an open tender for a multi-billion dollar project to replace the army's current light armored vehicles with a next-generation ground combat system, Defense Minister Kevin Andrews said on Thursday. Britain's BAE Systems, which earlier this month won a contract to do heavy maintenance in Australia on Lockheed Martin Corp's...

  • Lockheed says technology investments cut cost of F-35 jets Wednesday, 18 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 18- Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter jet, and the savings were set to triple in the ninth batch of jets to be produced. Under the initiative, Lockheed and its key suppliers, Northrop Grumman Corp and Britain's BAE Systems agreed to invest...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • PARIS, Feb 12- France and Egypt have agreed a deal worth more than 5 billion euros for the sale of Dassault Aviation- built Rafale fighter jets, a naval frigate and missiles, a French source close to the matter said on Thursday. The deal would make Egypt, which has been looking to upgrade its military hardware over fears the crisis in neighbouring Libya could spill...

  • Feb 11- Canadian fuel cell maker Ballard Power Systems Inc's shares soared 63 percent after it said Volkswagen AG would pay more than $80 million to buy some patents and extend a service contract. Ballard said on Wednesday it would sell to the German carmaker the automotive-related portion of the fuel cell patents it had bought from United Technologies Corp...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • WASHINGTON, Feb 9- Australia has picked Britain's BAE Systems to carry out heavy maintenance of Lockheed Martin Corp's F-35 fighter jet in Australia from 2018 and Tasman Aviation Enterprises to service its engines, sources familiar with the decision said on Monday. In December, the Pentagon announced that Australia would handle heavy maintenance for the...