BAE Systems will eliminate almost 2,000 jobs as it struggles to secure new orders for the Eurofighter Typhoon warplane and slims down its naval ships and cyber-security businesses.
More than 90% of companies operating in the British car industry want the country to stay in the European Union, a survey showed yesterday, with access to the single market deemed fundamental to the sector’s success.
UK defence giant BAE Systems is to axe 1,775 jobs across its naval ships business and end shipbuilding at one of Britain's most historic yards.
BAE Systems has revealed that more than 1,000 of its staff are sitting idle because of the partial shutdown in US government services.
Mobile phone giant Vodafone has teamed up with defence firm BAE Systems to develop new technology to protect businesses against cyber attacks.
Embattled defence giant BAE Systems is facing calls from major shareholders for top bosses to step down following its failed attempt to merge with EADS.
British defence giant BAE Systems confirmed today that plans for a £28bn (€34.66bn) merger with French rival EADS have been scrapped.
Defence giant BAE Systems is reportedly facing a growing investor revolt over its plans to merge with European rival EADS due to a lack of detail on the deal.
The boss of defence giant BAE Systems stands to make £18m (€22.5m) almost overnight if the firm’s controversial merger with Airbus aircraft manufacturer EADS goes ahead, it has been reported.
A potential multibillion euro merger between defence giant BAE Systems and Airbus aircraft manufacturer EADS has come under further pressure after a major shareholder demanded a better deal.
British Prime Minister David Cameron has spoken to his counterparts in France and Germany about the proposed £28bn (€35bn) of BAE Systems with European aerospace giant EADS.
The leaders of France and Germany will seek a common position at a series of meetings this week on a €34.5bn defence merger that could involve them having to give up strategic influence in aerospace group EADS.
European Aeronautic, Defense and Space, the parent of Airbus SAS, is in negotiations with BAE Systems about a merger.
More positive signs from the US failed to lift London’s leading shares index today as fears over the eurozone and a credit agency warning to banks rattled investors.
UK defence giant BAE Systems will end days of speculation today by announcing around 3,000 job cuts.
Libya’s ongoing crisis sent the London market into the red today as oil prices continued to surge.
IRISH software company, Norkom Technologies looks set to be sold for more than €200m, after receiving a formal offer which it has recommended to its shareholders.
A division of BAE Systems which makes cockpit displays for fighter jets and digital engine controls for commercial aircraft has been taken off the market after its owner failed to agree a sale.
Defence giant BAE Systems was today fined £500,000 (€589,205) for failing to keep proper records of payments to an adviser in the east African country of Tanzania.
WikiLeaks has now published a secret list of facilities that the US considers vital to national security.
Defence giant BAE Systems today said profits had been torpedoed by the loss of a key US contract and hefty fines to settle bribery allegations.
Defence giant BAE Systems is to pay £286m (€327m) in fines and plead guilty to two criminal charges to settle corruption claims in the UK and US.
Defence giant BAE Systems is to face prosecution over bribery allegations, the Serious Fraud Office (SFO) in the UK said today following a long investigation.
Shares in BAE Systems were 4% lower today after the Serious Fraud Office recommended the firm face prosecution over bribery allegations.
Financial stocks led the FTSE 100 Index into the red today as the London market slid to its third successive losing session.
The FTSE 100 Index surrendered a positive start today after a broker downgrade for Lloyds Banking Group sparked a fresh slump in banking shares.
British defence group BAE Systems today reported a 31% rise in annual earnings and said it expected a "further year of good growth" in 2009.
Defence group BAE Systems today reported higher first-half profits as its customers increase military spending to support forces fighting overseas.
A technology firm involved in the roll-out of intelligence-led UK border security today backed a £531m (€671m) takeover offer by BAE Systems.
Defence giant BAE Systems today named chief operating officer Ian King as its next chief executive.
Defence giant BAE Systems was told today that some future contracts may have to be sacrificed if it wants to repair the company’s tarnished reputation.
The Serious Fraud Office’s decision to drop its investigation into alleged bribery and corruption involving arms deals between BAE Systems and Saudi Arabia was overturned by the High Court in the UK today.
Defence company BAE Systems said it looked forward to “another year of good growth” after reporting 2007 operating profits of £1.48bn (€1.95bn) today.
Tony Blair went too far when he applied “irresistible pressure” to end the Serious Fraud Office’s investigation into alleged bribery and corruption involving arms deals between BAE Systems and Saudi Arabia, the High Court was told today.
Defence giant BAE Systems took a new step into the US market today with the acquisition of military support services firm MTC Technologies.
BAE Systems said today it had started the search for a new chief executive after Mike Turner announced his intention to step down in the summer.
BAE Systems said today it had been chosen to deliver 3,000 trucks to the Australian army in a deal worth up to £650m (€937m).
Barclays led a downturn for the London market today after fears grew about the banking group’s exposure to the US sub-prime mortgage market.
Defence giant BAE Systems said today it continued to perform well despite continuing investigations into its business dealings.
A SAUDI prince embroiled in an arms bribery scandal is having trouble selling the world’s most expensive home.
Around £1.2bn (€1.78bn) was wiped from BAE Systems shares today after the defence giant said it faced an anti-corruption probe by the US Department of Justice.
BAE Systems is to come under further scrutiny over its dealings with Saudi Arabia after the defence group confirmed today it was being investigated by the US Department of Justice.
Defence giant BAE Systems said today it is under investigation by the US Department of Justice amid allegations over arms deal payments with Saudi Arabia.
The head of defence giant BAE Systems sought to defend the firm’s reputation as the company faced attacks from protesters and shareholders at its annual meeting today.
Defence and engineering group BAE Systems today extended its presence in the US defence sector with the €3.4bn acquisition of Armor Holdings.
BAE Systems and VT Group were today reported to be close to completing a £1bn (€1.48bn) merger of their shipbuilding assets.
British investors were focused on aerospace today as engineer Smiths bailed out of the sector and British Airways faced up to the prospect of industrial action.
The promise of a windfall for shareholders caused shares in industrial conglomerate Smiths to jump by more than 13% today.
The FTSE 100 Index powered to its highest level for nearly six years today as investors welcomed the end of an investigation into an arms deal between BAE Systems and Saudi Arabia.
Shares in BAE Systems were on the slide today amid fears that Saudi Arabia could pull out of a deal to buy 72 Eurofighter jets.
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