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 company BAE Systems said it looked forward to “another year of good growth” after reporting 2007 operating profits of £1.48bn (€1.95bn) 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).
The London market was back on the front foot today as investors regained their nerve after yesterday’s sell-off on both sides of the Atlantic.
London’s blue-chips made firm progress today after the market was buoyed by takeover speculation and solid trading updates.
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 and engineering group BAE Systems today extended its presence in the US defence sector with the €3.4bn acquisition of Armor Holdings.
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Tuesday, August 11, 2020 - 6:00 AM
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