BAE Systems PLC


  • 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...

  • 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...

  • 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.