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BAE Systems PLC

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  • WASHINGTON, Dec 23- BAE Systems has won a contract worth up to $1.2 billion to build a new type of armored vehicle for the U.S. Army, the company and Army officials said on Tuesday. "The AMPV capitalizes on proven Bradley and M109A7 designs, meeting the Army's force protection and all-terrain mobility requirements while enabling the AMPV to maneuver with the rest of...

  • PARIS, Dec 16- Airbus Group on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/ 2 years in the role. Butschek will be succeeded by Tom Williams, executive vice president in charge of Airbus programs, who will in turn be replaced by A350 program chief Didier Evrard, who has completed...

  • OTTAWA, Dec 10- Canada will stay part of Lockheed Martin Corp's F-35 Joint Strike Fighter program while a decision is made on whether to actually buy the plane, the government said on Wednesday. The decision on how to replace Canada's current ageing fleet of Boeing Co CF-18 fighters has become a major political problem for Canada's Conservative government.

  • SYDNEY, Dec 9- Defence contractors BAE Systems Plc, Navantia SA and Raytheon Co will increase their roles in Australia's A $8.5 billion warship building project as the country tries to get the troubled programme back on track. Australia's Air Warfare Destroyer project has been blighted by long delays and cost blowouts. BAE, Navantia and Raytheon were chosen to...

  • SYDNEY, Dec 9- Australia has asked defence contractors BAE Systems Plc, Navantia SA and Raytheon Australia to increase their roles in the country's troubled A $8.5 billion warship building programme. Finance Minister Mathias Cormann said on Tuesday the trio's increased involvement will drive immediate improvements in shipbuilding performance.

  • WASHINGTON, Nov 21- The Pentagon said on Friday it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch. The Pentagon's F-35 program office said the deal includes 29 jets for the United States and 14...

  • 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.