India is expected to choose Sikorsky Aircraft's S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.» Read More
Defense Secretary Chuck Hagel told military fliers on Thursday the stealthy F-35 attack plane had "issues" but was still "the future for our fighter aircraft" despite a fire that grounded the fleet and jeopardized its international debut in Britain.
RAF FAIRFORD, England, July 10- Industry investment of $170 million over the next two years is expected to result in savings of $1.8 billion on the F-35 Joint Strike Fighter program, Lockheed Martin Corp's F-35 program manager Lorraine Martin told reporters on Thursday.
July 9- British fraud investigators have questioned defence officials and former and current employees of an Airbus subsidiary in connection with allegations of corruption in Saudi Arabia, the aerospace and defence company said on Wednesday.
NEW DELHI, July 8- Britain's foreign secretary lobbied India on Tuesday to buy Eurofighter military aircraft, suggesting that London has not yet abandoned hope of ousting France's Rafale from a multi-billion-dollar combat jet order.
NEW DELHI, July 8- Britain's foreign secretary lobbied India on Tuesday to consider buying the Eurofighter, indicating that London has not yet abandoned hope of ousting France's Rafale from a multi-billion-dollar order of multi-role combat jets.
TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.
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.