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BAE Systems

BAE Systems 16/02/2012

11:05 : BAE Systems rues cuts in defence spending - BAE Systems sales in 2011 fell by 14% to £19.2bn, due to lower demand for US army vehicles and a £500m reduction in turnover from the Ministry of DefenceBritain's largest manufacturing employer, BAE Systems, has warned ...
Source : guardian-co-uk
09:54 : BAE Systems Can't Rule Out More Job Losses - Huge cuts to world defence budgets have taken their toll on BAE Systems to the extent the UK's biggest manufacturing employer cannot rule out further job losses.
Source : news-sky-com
09:05 : FTSE falls as Greece uncertainty persists - Deadlock over the Greek bail-out sees London start an unpredictable session with BAE Systems leading the sell-off after a drop in full-year revenue and profit
Source : ft-com

BAE Systems 12/02/2012

22:01 : Bosses at BAE Systems set to be latest criticised for taking multi-million - BAE's top three executives are set to cash in after the group was handed almost £200m in a tax rebate which will boost the measure by which awards are determined.

BAE Systems 07/02/2012

00:51 : BAE may consider cut to Typhoon price - report - LONDON (Reuters) - Defence company BAE Systems is looking at all options to win back a $20 billion tender with the Indian air force, the company's chief executive told the Financial Times on Tuesday.
Source : reuters-com

BAE Systems 01/02/2012

18:54 : Job fears after BAE loses out in £7bn Indian fighter jet deal - BAE Systems, which owns a third of the Eurofighter consortium beaten by France's Dassault for preferred bidder status, denies risk of redundanciesThe government is again under fire for failing to support UK manufacturing after the Indian ...
Source : guardian-co-uk
13:28 : David Cameron disappointed over India jet-fighter deal - David Cameron expressed “disappointment” today that a French firm had beaten BAE Systems to become preferred bidder for a major fighter plane contract with India.
11:56 : BAE Could Lose £7bn Jet Deal To French Firm - BAE Systems, one of Britain's biggest defence manufacturers, may have lost a multi-billion pound contract to build jets for the Indian air force, putting thousands of British jobs at risk.
Source : news-sky-com
09:50 : Union leaders voice fears over India fighters order - Union leaders voiced fears today about the job implications of moves by the Indian government to give preferred bidder status to a French firm for a lucrative order for fighter planes ahead of a consortium including BAE Systems.
09:16 : BAE Systems jobs fears as India looks set to reject Eurofighter Typhoon - India gives French firm Dassault and its Rafale jet preferred bidder status in battle for lucrative fighter plane contractUnion leaders have voiced fears about the job implications of moves by the Indian government to give preferred bidder ...
Source : guardian-co-uk

BAE Systems 31/01/2012

22:38 : BAE Systems down over fears for jet contract - Wider market drifted off highs after a positive start with strong earnings from Arm and BSkyB while miners were hit by decline in US consumer confidence
Source : ft-com
16:23 : France's Dassault beats BAE Systems to clinch Indian government fighter ... - French manufacturer Dassault has entered exclusive negotiations with the Indian government to supply the country with fighter jets in a major blow to British industry.
Source : telegraph-co-uk

BAE Systems 23/01/2012

13:49 : BAE Systems in talks with Oman over fighter aircraft deal - Defence giant BAE Systems is in talks with the Government of Oman to supply a number of Typhoon fighter aircraft, which would be delivered within three years of a contract being signed.

BAE Systems 22/01/2012

23:48 : BAE Systems reviews its warship division - Industry sources have suggested that Portsmouth is likely to go because of a lack of orders following completion of the Royal Navy's new aircraft carriers.
20:11 : 1,500 BAE jobs threatened at Portsmouth shipyard - Defence group launches review that could end shipbuilding on south coastTrade unions and politicians have urged BAE Systems to clarify the future of its Portsmouth shipyard after the defence group launched a review that puts at least ...
Source : guardian-co-uk
08:47 : No decision on BAE dockyard closure - Defence giant BAE Systems stressed last night that no decision had been made on the closure of its Portsmouth dockyard, after press reports over the last week suggested a closure may be on the cards.
Source : telegraph-co-uk

BAE Systems 15/01/2012

00:16 : BAE reviews the future of its shipyards - Defence giant BAE Systems has drafted in management consultants to examine the future of its historic shipyards in Glasgow and Portsmouth, creating fears that thousands of jobs could be at risk.

BAE Systems 04/01/2012

21:27 : BAE warns on Saudi Typhoon deal - Defence group BAE Systems has warned that it is yet to secure an agreement with Saudi Arabia over the next stage of the country's Typhoon order and therefore an estimated £500m payment expected in 2011 will have to ...
Source : telegraph-co-uk

BAE Systems 20/12/2011

11:22 : Japan picks Lockheed's F-35 in $7bn fighter deal - Japan has picked Lockheed Martin's F-35 to be its next front-line fighter plane, overlooking the Eurofighter Typhoon built by BAE Systems and EADS in Europe.
Source : telegraph-co-uk

BAE Systems 01/12/2011

10:49 : UK MPs urge Tanzania to prosecute over bribery allegations in BAE deal - Parliament's international development committee says individuals should be made to answer in court about payments in BAE Systems' sale of $44m air traffic control systemThe UK parliament's international development committee has called on Tanzania ...
Source : guardian-co-uk

BAE Systems 24/11/2011

18:07 : David Davis claims 'moral need' for BAe Systems to find new work for Brough - Failure would mean "the loss of another critical mass of skilled workers in a deprived part of the country," he tells the Commons, blaming company strategy for the crisisDavid Davis, east Yorkshire's independent-minded Conservative backbencher, made ...
Source : guardian-co-uk

BAE Systems 19/10/2011

10:53 : Diageo rises nearly 4% after beating sales forecasts - Diageo sales grow 9%, SABMiller signs Turkish joint venture, and BAE Systems announces a restructuringIn these austere times, it seems consumers are still drowning their sorrows.Diageo - the drinks giant ...
Source : guardian-co-uk

BAE Systems 12/10/2011

17:18 : FTSE CLOSE: Stocks gain despite Slovakia setback; Burberry and BAE Systems - London's top flight index hit a fresh two-month high today as investors were spurred on by plans unveiled by the European Commission president to help banks in Europe.
12:47 : BAE Systems warns of 'significant uncertainty' in US defence spending - BAE Systems has warned there is "significant uncertainty" about the level of defence spending in the US as the Obama administration attempts to reduce the national deficit.
Source : telegraph-co-uk
09:17 : BAE warns on US flood damage and defence budget cuts - BAE Systems - mentioned as a possible bid target recently - has warned that flooding in the US and uncertainty over defence budgets could disrupt its business.But it said trading in the last three months had been in line with its expectations, ...
Source : guardian-co-uk

BAE Systems 03/10/2011

11:36 : BAE Systems to axe jobs even if India Eurofighter Typhoon bid wins - BAE Systems is expected to learn soon whether it is part of a consortium that has won the coveted £7.1billion order to supply the Indian air force with 126 Eurofighter Typhoon jets.

BAE Systems 02/10/2011

19:59 : Government pledges enterprise zones to help BAE Systems staff - New enterprise zones will be created in areas where BAE workers are being made redundant to help them find jobs, said George Osborne as the Government's economic plans came under attack.
Source : telegraph-co-uk
13:49 : BAE protects 380 jobs with U.S. howitzer deal - LONDON (Reuters) - Europe's biggest defence contractor BAE Systems has won a $134 million (85 million pounds) deal from the U.S. for 70 M777 howitzers, potentially safeguarding 380 British jobs.
Source : reuters-com

BAE Systems 28/09/2011

09:24 : BAE Systems job cuts: Manufacturing on the defensive as defence giant ... - The move by defence giant BAE Systems to cut around 3,000 jobs could not have come at a worse time for a government desperately trying to boost manufacturing.

BAE Systems 27/09/2011

22:53 : Manufacturing on the defensive as BAE Systems cuts around 3,000 jobs - The move by defence giant BAE Systems to cut around 3,000 jobs could not have come at a worse time for a government desperately trying to boost manufacturing.
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