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The Latest Breaking News from BAE Systems

Rouble recovers after Russia reportedly turns screws on exporters – as it happened

Rouble rises 2% against dollar after Russia decides against capital controls and opts for informal agreement with exporters to help stabilise the currency, according to reports

The Guardian - UK

FTSE 100 Live: Benchmark gilt yield highest since 2008, BAE $5.6bn acquisition, FTSE down 300 points in a week

BAE Systems today revealed plans to buy Colorado-based Ball Aerospace in a deal worth $5.6 billion (£4.4 billion).

Evening Standard

BAE Systems to buy US firm Ball Aerospace in $5.6 billion deal

One of the biggest UK mergers of the year was unveiled today as Britain’s top defence contractor BAE Systems said it had reached an agreement to buy US firm Ball Aerospace in a $5.6 billion (£4.4 billion) deal.

Evening Standard

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BAE Systems breaks records as governments beef up defence spending

CEO Charles Woodburn tells the Standard Russia’s war in Ukraine is a reminder to investors of the importance of defence

Evening Standard

BAE Systems’ Solar-Electric Drone Completes Stratospheric Flight Trial

PHASA-35, with 35-meter wingspan, soars to over 66,000 feet, showcasing potential for intelligence and communication applications.

Zenger

Hundreds of jobs to be created at Welsh military weapons factory

The factory has a long history of providing ammunition equipment for major wars

Wales Online

BAE Systems creating more than 60 jobs at South Wales munitions factory

UK-wide it is creating 200 jobs on the back of £280m worth of orders with the MoD

Birmingham Post

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More than 100 new jobs created at BAE Systems in Washington following £280m contract win

The new jobs form part of 211 jobs being created at BAE Systems bases across the UK

Chronicle Live

BAE Systems creates more than 200 jobs after £280m Ministry of Defence deal

A raft of new jobs are being created at the defence firm's sites in the North East, Cheshire and South Wales

Birmingham Post

Time to meet 2% defence spending pledge, Sunak to tell Nato allies

The British Prime Minister will use the Vilnius summit to push for Nato to be strengthened and for continued support for Ukraine.

The Independent UK

UK ‘wastes billions’ on defence firms that give investors rich returns

Study claims taxpayer is subsidising up to 90% of weapons companies’ research and development budgets

The Guardian - UK

Economic impact BAE Systems has on South West revealed in new report

The research has been conducted by Oxford Economics

Birmingham Post

Critical radars that protect Royal Navy warships to be upgraded under £270m deal

BAE Systems will support, upgrade and maintain radars, securing 400 jobs across the UK

Birmingham Post

Jobs secured through £270 million defence contract

Engineers will upgrade existing radars at sites in Glasgow and Edinburgh

Insider UK

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InsideEVs

North America’s Largest Battery Electric Bus Order To Be Powered By BAE Systems

This latest order builds upon the 1,800 electric buses already in use in the Canadian province of Quebec, which use the 200-kilowatt BAE Systems HDS200 electric motor.

Evening Standard

UK arms maker BAE in talks with Volodymyr Zelensky to build weapons inside Ukraine

‘We discussed the localisation of production in Ukraine,’ Zelensky said on his Telegram account

Reuters

Ukraine says it's working with BAE to set up weapons production facility

Ukraine is working with major British defense company BAE Systems to set up a Ukrainian base to both produce and repair weapons from tanks to artillery, President Volodymyr Zelenskiy said on Tuesday.

The Guardian - UK

Firms fined most by regulators still on UK government’s list of top suppliers

Observer reveals that companies are getting big contracts in spite of paying penalties for corruption or fraud

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The Guardian - UK

UK arms sales reach record £8.5bn as global tensions escalate

More than half of weapons exports were for repressive regimes such as Qatar and Saudi Arabia, as sales doubled last year

The Independent UK

MoD confirms £320m contracts to service Royal Navy offshore patrol vessels

The contracts relate to two fleets, one for UK coast patrols and another carrying out international missions.

Insider UK

Investigation launched into alleged act of sabotage on board HMS Glasgow

Work on the ship has been paused temporarily while a full assessment is carried out

Glasgow Live

Probe into alleged sabotage at Glasgow shipyard of Royal Navy warship launched

The defence contractor BAE Systems revealed that the work on the HMS Glasgow Royal Navy warship was delayed after it was found that around 60 cables were cut on the Type 26 frigate.

The Guardian - UK

BAE investigating alleged sabotage of next-generation Royal Navy warship

BAE Systems says dozens of cables intentionally damaged on Type 26 frigate HMS Glasgow in Scottish shipyard

The Independent UK

Investigation launched into alleged act of sabotage on board HMS Glasgow frigate

An investigation has been launched into an alleged incident of sabotage on board the HMS Glasgow where cables were intentionally damaged.

Evening Standard

Sabotage probe after cables cut on Royal Navy warship HMS Glasgow

An investigation has been launched after an alleged “sabotage incident” on the warship HMS Glasgow in which more than 60 cables were cut.

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