Wednesday, April 7, 2010 as of 11:14 AM ET
BAE Systems plc () is a British multinational defence, security and aerospace company headquartered in London, United Kingdom, that has global interests, particularly in North America through its subsidiary BAE Systems Inc.
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LN) has been awarded a GBP328 million contract to design the U.K. Royal Navy's next generation of nuclear deterrent submarines, the Ministry of Defence said Tuesday.Engineering firm Babcock International Group PLC (BAB.LN) has also been awarded a GBP15 million contract to design parts of the in-service support of the submarine, while Rolls-Royce Holdings PLC (RR.LN) is being paid more than GBP4 million for work on the reactor design, it said."This government is committed to maintaining a continuous submarine-based nuclear deterrent...and this program will help to sustain or create more than 1,900 jobs across the U.K.," Defence Secretary Philip Hammond said in a statement.The contracts are part of a GBP3 billion investment in the design phase of the new Successor class submarines that was approved in May last year, not the missiles they carry, the ministry said.The first Successor submarine is due to be delivered in 2028, replacing the Vanguard Class, which carries t...(Reuters) - SAIC Inc <SAI.N>, a provider of technical services to the U.S. Defense and Homeland Security departments whose results been bruised by contract delays, s...
The U.S. Department of Justice and the Securities and Exchange Commission are investigating Motorola Solutions on suspicion of bribery, The Wall Street Journal repor...
LONDON (Reuters) - Europe's biggest defense contractor BAE Systems <BAES.L> said it will axe up to 3,000 jobs in Britain as cuts to global defense budgets hit orders...
By Rhys JonesLONDON (Reuters) - Britain's Serious Fraud Office is investigating allegations that European defense group EADS <EAD.PA> bribed Saudi Arabian officials ...
By Jim WolfWASHINGTON (Reuters) - The Pentagon is very encouraged by Wall Street's response to aerospace companies and arms makers, even as U.S. defense spending fla...
By C.J. KuncheriaNEW DELHI (Reuters) - India has shortlisted European defense firms Dassault <AVMD.PA> and Eurofighter for an $11 billion fighter jet contract, rejec...
By Tim HepherPARIS (Reuters) - A litany of back-stabbing at Europe's top aerospace group is exposed in leaked U.S. cables, which show American diplomats avidly colle...
CANBERRA -( Dow Jones )- Australia's government on Tuesday canceled a A$40 million defense project to build six watercraft deemed unsuitable for their intended purpo...
LONDON -(Dow Jones)- BAE Systems PLC (BA.LN), said Friday that it has acquired additional 13,225,750 Norkom Group PLC (N5OK.DB), shares for cash at a price of EUR2.1...
LONDON -(Dow Jones)- Defense firm BAE Systems PLC (BA.LN) said Friday that the pre-condition to the offer for Norkom Group PLC (N5OK.DB) regarding the receipt of irr...
By Matthias Blamont and Tim HepherPARIS, Sept 20 (Reuters) - Face-recognition software maker L-1 Identity Solutions is being sold to two of Europe's top defence firm...
By Angela MoonNEW YORK (Reuters) - Wall Street was set to openhigher Monday, trying for a fourth week of gains asinvestors awaited the Federal Reserve's monetary mee...
("Cobham Hires BAE Executive As CEO; Pursues Thrane & Thrane Takeover," at 1650 GMT on April 23, misstated the date in the sixth paragraph. The correct version follo...
U.K. aerospace and defense firm Cobham (COB.LN) Monday said it has hired Robert Murphy as its new chief executive, as it pursues a takeover of Danish satellite compa...
The Transportation Security Administration has started testing new hi-tech check-in systems that will scan and verify passenger boarding passes with photo IDs, marki...
The starting gun has been fired on a potential privatisation of the Ministry of Defence's procurement arm as the government seeks to rein in spending, the Sunday Tim...
Xchanging PLC (XCH.LN), a business process and technology services provider and integrator, said Tuesday that BAE Systems PLC (BA.LN) entered into a new contract for...
U.S. defense contractor Lockheed Martin <LMT.N> said on Tuesday it had won a 642 million pound ($1 billion) contract to upgrade Britain's fleet of Warrior armored ve...
TOKYO (Reuters) - U.S. aerospace and defense contractor Lockheed Martin <LMT.N> said on Thursday it will offer final assembly of the F-35 fighter to Japanese firms i...
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