The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks-1x Boeing Share News (BAES)

Share Price Information for -1x Boeing (BAES)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.65575
Bid: 4.4705
Ask: 4.841
Change: 0.00 (0.00%)
Spread: 0.3705 (8.288%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 4.65575
BAES Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Germany to buy six MKS-180 multi-role warships - ministry

Mon, 13th Feb 2017 17:04

(Adds details, cooperation with Norway)

BERLIN, Feb 13 (Reuters) - German Defence Minister Ursulavon der Leyen has decided to buy six MKS-180 multi-role warshipsinstead of putting off a decision on two of those ships until2030, her spokesman said on Monday.

The ministry decided last October to delay a tender for fourwarships, which was valued at 4 billion euros ($4.24 billion),to ensure that quality standards were met. A decision on twoextra warships had initially been planned in 2030.

"The need is there. Now the minister has decided to buy allsix of the required MKS-180 ships," the spokesman said, withoutproviding a new cost estimate for the programme.

The new ships, to be delivered from 2023, will be used forattacking targets on land and underwater, as well as providingaerial protection to other vessels.

The three teams bidding to build the new warships are theBremen-based shipyard Luerssen and Thyssen Krupp Marine Systems, Blohm + Voss and the Dutch group Damen shipyards, andGerman Naval Yards paired with Britain's BAE Systems,according to security sources.

Von der Leyen's decision comes against the backdrop ofincreased pressure from U.S. President Donald Trump for Germanyand other NATO countries to spend more on their own defences.

Germany is boosting military spending by nearly 2 billioneuros in 2017 to 37 billion euros, or 1.22 percent of grossdomestic product (GDP), but said it would take time to reach theNATO target of spending 2 percent of GDP on defence.

The German government, together with France, has beenpushing for greater European defence and security cooperation,especially after Britain's vote to leave the European Union.

Berlin has also deepened its bilateral military ties withthe Netherlands and Norway with recent agreements.

On Monday, Norway announced that Germany would buy navalstrike missiles from its Kongsberg Gruppen for morethan 10 billion crowns ($1.20 billion).

The German defence ministry said the two countries wouldwork together on developing the Norwegian firm's missile.

The MKS-180 ships are to be the first to be outfitted withthe new missiles, and they will become standard equipment onGerman and Norwegian frigates in the longer term.

The German minister's decision to buy all six ships will notaffect the current procurement process, with the two additionalships to be purchased under a separate lot, the spokesman said.

($1 = 0.9434 euros) (Reporting by Sabine Siebold and Andrea Shalal; Editing by TomHeneghan)

More News
8 Mar 2018 11:42

UPDATE 1-Dassault Aviation voices Brexit concerns as it posts higher profits

* Delays in UK/France drone project -Trappier * Dassault Aviation posts higher 2017 profits * Dividend up to 15.30 euros, 8 -

Read more
16 Feb 2017 17:16

UPDATE 4-Austria sues Airbus over alleged Eurofighter fraud

* Austria accuses Airbus of wilful deception, fraud * Relates to 2 bln euro order for Eurofighter jets * Airbus says denies accusations vigorously * Austria sees potential damages of up to 1.1 bln euros (Adds Airbus statement, details from press conference) By Kirsti Kno

Read more
16 Feb 2017 09:39

Austria sues Airbus, Eurofighter consortium over suspected fraud

VIENNA, Feb 16 (Reuters) - Austria filed a lawsuit on Thursday against Airbus and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defence ministry said. A recently completed ministry in

Read more
16 Feb 2017 05:38

Austria to sue Airbus over suspected Eurofighter fraud - APA

VIENNA, Feb 16 (Reuters) - Austria's defence ministry is set to file a lawsuit against Airbus accusing the group of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order of Eurofighter jets in 2003, APA news agency said on Thursday. A recently completed ministry investi

Read more
14 Feb 2017 17:20

Rolls-Royce weighs on FTSE 100 after five-day advance

* Rolls-Royce posts record reported loss * TUI jumps on improved results * Banks supported by hawkish Yellen comments (Adds closing prices, details) By Kit Rees LONDON, Feb 14 (Reuters) - Britain's top share index ended slightly lower on Tuesday, pausing after a five-day

Read more
14 Feb 2017 10:08

Rolls-Royce loss lies heavy on FTSE 100

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * Rolls-Royce posts record reported loss * TUI jumps on improved results By Kit Rees LONDON, Feb 14 (Reuters) - Britain's t

Read more
13 Feb 2017 15:20

Germany to buy six MKS multi-role warships - ministry

BERLIN, Feb 13 (Reuters) - Germany's Defence Ministry has decided to buy a total of six MKS-180 multi-role warships instead of four, as initially planned, a ministry spokesman said Monday, without providing a new cost estimate for the programme. The ministry decided last October to delay a

Read more
10 Feb 2017 18:54

UPDATE 1-BAE, Northrop, SAIC, others in $3.04 bln U.S. defense contract

(Adds Raytheon) WASHINGTON, Feb 9 (Reuters) - A group of companies including subsidiaries of BAE Systems, Northrop Grumman Corp , Science Applications International Corp, Teledyne Technologies Inc and KBR Inc will share in a $3.04 billion missile defense contract, the Pentagon said on Thurs

Read more
10 Feb 2017 17:51

German, Dutch militaries agree to deepen cooperation -source

By Andrea Shalal BERLIN, Feb 10 (Reuters) - The German and Dutch militaries have agreed to further deepen defence cooperation this year by putting a German short-range air defence unit under the command of the Dutch military, a source familiar with the plans told Reuters on Friday.

Read more
9 Feb 2017 22:47

BAE, Northrop, SAIC, others in $3.04 bln U.S. defense contract

WASHINGTON, Feb 9 (Reuters) - A group of companies including subsidiaries of BAE Systems, Northrop Grumman Corp , Science Applications International Corp, Teledyne Technologies Inc and KBR Inc will share in a $3.04 billion missile defense contract, the Pentagon said on Thursday. The order-d

Read more
8 Feb 2017 00:00

UPDATE 2-Airbus strategy chief Lahoud to leave European group

(Adds background) By Tim Hepher PARIS, Feb 7 (Reuters) - Airbus strategy chief Marwan Lahoud, one of the founders of Europe's largest aerospace group and its M&A czar for the past decade, is leaving the company at the end of February, Airbus said on Tuesday. His successor was no

Read more
3 Feb 2017 16:32

UPDATE 1-Lockheed to announce $8.5 billion F-35 order on Friday-sources

(Adds background, graphic) By Mike Stone WASHINGTON, Feb 3 (Reuters) - The U.S. Department of Defense and Lockheed Martin Corp are set to announce a deal worth about $8.5 billion for 90 F-35 jets on Friday, people familiar with the talks said. The deal for the tenth batch of the

Read more
28 Jan 2017 14:30

Britain, Turkey sign defence deal to develop Turkish fighter jet

ANKARA, Jan 28 (Reuters) - Britain and Turkey signed a defence deal worth more than 100 million pounds ($125 million) on Saturday to develop Turkish fighter jets, opening the way to deeper cooperation over the lifetime of the project. In Ankara to strengthen ties with Turkey as she navigate

Read more
24 Jan 2017 13:00

REFILE-EXCLUSIVE-Germany nears decision to beef up short-range air defences - sources

(Fixes dateline to Jan 24. No changes to text) * Defence systems gap has caused concern among NATO members * Procurement programme 460 million euros - source * Germany under pressure from Trump to up military spending By Andrea Shalal BERLIN, Jan 24 (Reuters) - Germa

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.