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LONDON, Oct 1 (Reuters) - Britain's ministry of defence said on Saturday that construction work will begin on the country's new nuclear submarines, announcing nearly 1.3 billion pounds ($1.7 billion) of new investment with defence firm BAE Systems . Lawmakers backed renewing Britain's agein
Read moreLONDON, Sept 21 (Reuters) - BAE Systems has expanded the role of its Chief Operating Officer Charles Woodburn, the man widely expected to become its next CEO, to give him responsibility for the group's UK defence businesses and its cyber defence unit. Europe's biggest defence contractor nam
Read more** Defence equipment maker BAE Systems up 2 pct, best day for stock in over a month & top FTSE 100 riser as Berenberg anticipates material order book uplift ** Berenberg, which sees 10-20 pct hike to order book in next six months, raises PT to 580p from 531p ** Following successful fu
Read moreLONDON, Aug 24 (Reuters) - British defence company BAE Systems said it secured a A$200 million ($153 million) contract to extend maintenance on Australia's Hawk MK127 fighter fleet until 2020. The world's third-largest defence contractor by revenue, BAE said on Wednesday that the servicing
Read moreLONDON, Aug 16 (Reuters) - Britain awarded missile maker MBDA an 184 million pound ($239 million) contract on Tuesday to equip the country's new F-35 fighter jets with heat-seeking air-to-air weaponry. The Ministry of Defence said in a statement that the deal with MBDA, a company owned by F
Read moreLONDON, Aug 12 (Reuters) - Investor Neil Woodford's Equity Income Fund sold its 160 million pound ($207.58 million) stake in BAE Systems in July, it said on Friday, citing pension and dividend concerns. "(BAE Systems) has a substantial pension deficit which is something of a concern in this
Read moreBy Andrea Shalal BERLIN, Aug 3 (Reuters) - European defence manufacturer MBDA will submit its proposal for a $4.5 billion German missile defence system by late September, two months later than planned, but still hopes Germany can approve the project early next year, it said on Wednesday.Read more
(Updates after meeting, adds reaction) By William James LONDON, Aug 2 (Reuters) - Prime Minister Theresa May on Tuesday kickstarted her bid to reshape the British economy for a post-Brexit world, reviving the once unfashionable concept of industrial policy 30 years after Margaret That
Read more(Adds confirmation from Air Force, details) By Idrees Ali and Andrea Shalal WASHINGTON, Aug 2 (Reuters) - The U.S. Air Force on Tuesday declared an initial squadron of Lockheed Martin Corp F-35A fighter jets ready for combat, marking a major milestone for a program that has faced cos
Read more(Corrects 12th paragraph to show 10 countries besides U.S. have ordered jets, removes reference to Canada) By Andrea Shalal and Idrees Ali WASHINGTON, Aug 2 (Reuters) - The U.S. Air Force will on Tuesday declare an initial squadron of Lockheed Martin Corp F-35A fighter jets ready for
Read moreWASHINGTON, Aug 2 (Reuters) - The U.S. Air Force will on Tuesday declare an initial squadron of Lockheed Martin Corp F-35A fighter jets ready for combat, according to sources familiar with the decision. U.S. General Hawk Carlisle, who heads Air Combat Command, will announce that the Air Fo
Read moreBy William James LONDON, Aug 2 (Reuters) - Prime Minister Theresa May will on Tuesday outline her bid to reshape the British economy for a post-Brexit world, reviving the once unfashionable concept of industrial policy 30 years after Margaret Thatcher killed it off. May will chair the
Read moreLONDON, July 28 (Reuters) - BAE Systems, the world's third-largest defence contractor by revenue, reported slightly higher half-year earnings and said it was on track to meet its forecast for 2016 earnings to rise by between 5 percent and 10 percent. The British-based company posted underly
Read moreWASHINGTON, July 19 (Reuters) - The U.S. State Department has approved the sale of $785 million in bombs to the United Arab Emirates for the U.S.-led campaign against Islamic State militants in Syria and Iraq, the Pentagon said on Tuesday. A statement said the Defense Security Cooperation A
Read more* UK needs to replace subs carrying nuclear weapons by 2030s * Opposition Labour leader and some lawmakers oppose renewal * Ministry of Defence estimates replacement cost at 31 bln pounds (Updates after vote) By Michael Holden and Kylie MacLellan LONDON, July 18 (Reuters
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