BAE Systems’ full-year sales in 2011 fell 14% to £19.2bn, following a difficult year for the global defence industry and an expensive period including acquisitions in markets such as cyber security.
BAE Systems posted headline sales of £19.2bn in its full year report today, down from £22.4b…
Mergers and acquisitions in the defence and aerospace sector have reached the highest level on record, with the aggregate global deal value topping $43.7bn, PwC has said.
In 2002, there were only 173 deals, valued at $12.9bn (£7.6bn). Both the deal value and volume has broken all previous figures …
The defence manufacturer will recruit 265 apprentices across its UK business in 2012, down from the 290 apprentices it hired last year.
The announcement coincides with the start of National Apprenticeship Week, 6-10 February 2012, and includes 136 new apprenticeship starts at its submarine bui…
Defence firm QinetiQ is to provide its E-X-Drive transmission as the key component of a hybrid electric drive propulsion system for BAE Systems’ £283.9m Ground Combat Vehicle contract.
The E-X-Drive transmission for electric drive tracked vehicles was selected because of its step forward f…
These are tough times for the UK defence manufacturing industry as budgets tighten and the industry struggles to bridge significant skills gaps. But in the face of this challenge the sector is fostering some of the brightest young engineering talent. To showcase this, the aerospace, defence and s…
Aerospace, defence and security trade body ADS has praised the Ministry of Defence White Paper on security and defence equipment for satisfying most of its industries’ procurement issues, despite the delay in its publication.
The results of the consultation on defence and security equipment …
What Bernard Waldron MBE doesn’t know about manufacturing complex missile systems could be written on the back of a rocket motor initiator (that’s a very small component). He’s also passionate about training tomorrow’s young engineers, Will Stirling discovers.
Bernard Waldron’s e…
While unions wail and others question the value of a modified off-the-shelf buying strategy for the defence sector, others prove the approach can bring jobs and exports to UK plc.
The Defence White Paper released by the Ministry of Defence today gives responses to the Government’s public consul…
The Defence White Paper, published today, has favoured a Modified Off-the-Shelf (MOTS) approach to defence procurement – where the Ministry of Defence will buy equipment based on the best value for money and UK-based contractors modify the kit to comply with Armed Forces’ requirements…
Tom Crowe, a 20-year old BAE Systems apprentice from the company’s submarine business, has been named ‘BAE Systems Apprentice of the Year’.
BAE Systems’ proprietary awards recognise excellence in the workplace and academic study, and an award is also given for work in the community.
Tom …
