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BAE Systems PLC

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  • 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...

  • 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...

  • WASHINGTON, Feb 5- The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official at engine maker Pratt& Whitney, a unit of United Technologies Corp, said on Thursday. The Pentagon plans to spend nearly $400 billion to develop and build 2,457 of the radar-evading warplanes...

  • LONDON, Jan 20- Defense company BAE Systems said it had won a 112 million pound contract from the British Ministry of Defense to continue to provide services to ensure the readiness of the country's Eurofighter Typhoon jets. BAE Systems, Europe's largest defense company, said the contract extension of 15 months would help sustain 650 jobs at the country's Royal...

  • Jan 12- UBS Group AG, Switzerland's biggest bank, lost two more blue-chip corporate broking clients, the Financial Times reported, citing people familiar with the situation. British defense contractor BAE Systems Plc and Smith& Nephew Plc, Europe's largest maker of artificial joints, have both dropped UBS as their corporate broking adviser, the newspaper said.

  • 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...

  • India eyes Sikorsky helicopter, other big US arms buys Thursday, 25 Sep 2014 | 8:00 PM ET
    The Sea Hawk U.S. Navy helicopter.

    India is expected to choose Sikorsky Aircraft's S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.

  • Indian firms tool up for defense orders Wednesday, 20 Aug 2014 | 7:46 PM ET
    Indian army personnel perform Skirmish Order Fire Demo for the 68th Independence Day in Hyderabad, India.

    India's biggest companies are pouring billions into manufacturing guns, ships and tanks, buoyed by the government's commitment to upgrade its armed forces.

  • BAE reversal came after Homeland Security called Friday, 11 Jul 2014 | 11:59 AM ET
    Department of Homeland Security employees work inside the National Cybersecurity and Communications Integration Center in Arlington, Va.

    Federal security officials contacted BAE Systems in the wake of its claim that it had stopped a purported hack attack against a hedge fund.

  • BAE admits to misrepresenting cyberattack Wednesday, 2 Jul 2014 | 1:34 PM ET
    Cyber security

    An executive at BAE Systems misrepresented an alleged cyberhacking incident involving a hedge fund, the company said Wednesday.

  • Digital boost to plane manufacturing   Sunday, 27 Apr 2014 | 7:00 PM ET
    Digital boost to plane manufacturing

    CNBC visits BAE Systems to see first-hand how digital technologies and 3D printing are changing the face of plane manufacturing.

  • National security: America's new robotic army Monday, 3 Mar 2014 | 12:14 PM ET
    An X-47B Unmanned Combat Air System (UCAS) demonstrator is towed into the hangar bay of the aircraft carrier USS George H.W. Bush.

    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.

  • Europe shares close lower on disappointing data Thursday, 20 Feb 2014 | 4:30 PM ET

    European stocks closed lower on Thursday, with sentiment remaining fragile after poor data from China and France.

  • BAE stock tumble: buying opportunity?   Thursday, 20 Feb 2014 | 11:10 AM ET
    BAE stock tumble: buying opportunity?

    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 warns US budget cuts to hit bottom line Thursday, 20 Feb 2014 | 4:06 AM ET

    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.