Japan is asking Britain to buy its P-1 submarine-hunting jet in a deal that could top $1 billion, a major step in Shinzo Abe's push to arms exports.
India is expected to choose Sikorsky Aircraft's S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.
India's biggest companies are pouring billions into manufacturing guns, ships and tanks, buoyed by the government's commitment to upgrade its armed forces.
Federal security officials contacted BAE Systems in the wake of its claim that it had stopped a purported hack attack against a hedge fund.
An executive at BAE Systems misrepresented an alleged cyberhacking incident involving a hedge fund, the company said Wednesday.
CNBC visits BAE Systems to see first-hand how digital technologies and 3D printing are changing the face of plane manufacturing.
The U.S. military's human footprint is shrinking, but its robotic fighting force is on the rise, transforming the battlefield in air, land and sea.
European stocks closed lower on Thursday, with sentiment remaining fragile after poor data from China and France.
Chris Tinker, founder of Libra Investment Services, says the falloff in BAE Systems' stock after a profit warning is overdone, because the U.S.'s defense cutbacks are old news.
BAE Systems posted a 3 percent rise in full-year profit on Thursday and said it expects earnings per share to fall by 5-10 percent in 2014.
The Bank of England will not be "railroaded" into lifting interest rates early, said Roger Carr, the chairman of BAE Systems.
Sir Roger Carr, chairman at BAE Systems, says that while the economy is "hugely better", people should still be on their guard.
Major employers plan to recruit around 1,200 extra U.K. graduates this year, sending recruitment to a seven-year high, according to a report.
Rolls-Royce said Britain's Serious Fraud Office (had started a formal investigation into concerns about bribery and corruption.
European equities closed lower on Wednesday after a U.S. budget deal added to expectations the Fed will scale back stimulus soon.
Gary Cook, U.K. south coast organizer for GMB Union, says BAE's decision to cut jobs in U.K.'s shipyards is a "devastating blow for the area" economically.
Jan Godsell, professor of operations and supply chain strategy at the University of Warwick, explains that the BAE job cuts in Portsmouth were inevitable due to a downturn in demand.
BAE Systems said it would start a consultation process to lay off 1,775 ship workers across the UK.
Hundreds of employees from some of Britain's biggest contractors are temporarily out of work, as a result of the U.S. political stalemate that has led to a partial shutdown of the country's government.
Just hours before Congress shut down the federal government, the Pentagon quietly went on a shopping spree and spent billions.