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BAE Systems PLC

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  • PARIS, Nov 6- The French government and the top private shareholder in Thales, Europe's largest defence electronics firm, are split over how to pick a successor to departing Chief Executive Jean-Bernard Levy, people familiar with the matter said. External candidates include Antoine Bouvier, chief executive for the past seven years at MBDA, a missile maker owned...

  • WASHINGTON, Nov 5- The U.S. government on Wednesday said it had canceled, at the request of South Korea, early work by the U.S. unit of Britain's BAE Systems on upgrades for 134 F-16 fighter jets after a spike in the projected $1.7 billion cost of the arms deal. The unusual move, announced by the Pentagon's Defense Security Cooperation Agency, paves the way for South...

  • WASHINGTON, Nov 5- The U.S. government on Wednesday said it had canceled, at the request of South Korea, a preliminary contract with the U.S. unit of Britain's BAE Systems to upgrade 134 F-16 fighter jets, ending a major arms deal initially valued at $1.7 billion. The unusual move, announced by the Pentagon's Defense Security Cooperation Agency, paves the way for...

  • WASHINGTON, Oct 28- The U.S. unit of BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company's initial work on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks about the second phase of the project. "We remain concerned about the lack of progress in the negotiations between the Republic of Korea and the U.S. Air Force on...

  • SEOUL/ WASHINGTON, Oct 21- South Korea said it could cancel a planned $1 billion- plus deal for BAE Systems Plc to upgrade its F-16 fighter jets and seek a new different contractor if talks with the British company do not proceed smoothly. While BAE has been on cost and schedule with an initial $140 million development contract for the upgrades of the 134 jets, the U.S....

  • The Eurofighter jet, also known as Typhoon, was developed for four nations- Britain, Germany, Italy and Spain- which have so far taken delivery of 371 aircraft out of 472 on order. It is built by BAE Systems in Britain, by Airbus Defense& Space on behalf of Germany and Spain, and by Italian aerospace firm Finmeccanica.

  • The Eurofighter jet, also known as Typhoon, was developed for four nations- Britain, Germany, Italy and Spain- which have so far taken delivery of 371 aircraft out of 472 on order. It is built by BAE Systems in Britain, Airbus Defense& Space on behalf of Germany and Spain, and Italian aerospace firm Finmeccanica.

  • OTTAWA, Sept 30- Canada, faced with a politically controversial decision over how best to upgrade its fleet of fighter jets, will extend the life of the existing planes to 2025, an official said on Tuesday.

  • BAE Systems says 2014 outlook unchanged Monday, 29 Sep 2014 | 2:21 AM ET

    LONDON, Sept 29- British defense company BAE Systems said it remained on track to report annual earnings in line with its guidance, even as it reported several impairment charges. BAE Systems said on Monday that it would take a goodwill impairment charge of 70 million pounds against its South African Land Systems business, which it recently agreed to sell.

  • WASHINGTON, Sept 26- The U.S. government on Friday said it has approved $2.5 billion in modifications and upgrades of used U.S. military vehicles that are to be sold separately to the United Arab Emirates as "excess" equipment.

  • Airbus Group appoints new boss for UK operation Wednesday, 24 Sep 2014 | 2:02 PM ET

    TOULOUSE, France, Sept 24- Airbus Group announced a new boss for its UK operations on Wednesday, bringing in a former executive from French defense and avionics firm Thales to oversee one of its core European manufacturing centers and defense markets.

  • WASHINGTON, Sept 18- Lockheed Martin Corp is close to signing a roughly $4 billion deal with the U.S. Defense Department for 43 more F-35 fighter jets that will lower the cost of the jet's airframe by 2 to 4 percent, sources familiar with the program said.

  • BERLIN/ PARIS, Sept 16- Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros, simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.

  • BERLIN/ PARIS, Sept 16- Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros, simplifying its Defense and Space division to focus on warplanes, missiles, launchers and satellites.

  • Sept 15- Airbus Group announced plans on Tuesday to sell half a dozen businesses following a portfolio review in Defence& Space. Space Shuttle programme and was last month named supplier of the year in its category by Airbus's rival Boeing.

  • Sept 15- Airbus Group announced plans on Tuesday to sell half a dozen businesses following a portfolio review in Defense& Space. Space Shuttle program and was last month named supplier of the year in its category by Airbus's rival Boeing.

  • "Cuts in the government R&D budget are very worrisome, and it is not a long-term sustainable trend for the country," Boeing Co President and Chief Operating Officer Dennis Muilenburg told the Reuters Aerospace and Defense Summit this week.

  • BERLIN, Sept 11- The chief executive of aerospace and defence group Airbus criticised the German government on Thursday for its restrictive arms export policy, saying it could deter international cooperation on future defence projects.

  • BERLIN, Sept 11- The chief executive of aerospace and defense group Airbus criticized the German government on Thursday for its restrictive export policy on defense goods, saying it could deter international partners from cooperating on future defense projects.

  • BERLIN, Sept 11- The chief executive of aerospace and defence group Airbus criticised the German government on Thursday for its restrictive export policy on defence goods, saying it could deter international partners from cooperating on future defence projects.