Defence

Hundreds of job to be axed as BAE Systems’ site closes

BAE Systems Rochester supply components for Typhoon fighter jets
Posted on 1 Mar 2012 by

BAE Systems confirmed it will stop manufacturing at its Brough, East Yorkshire plant next year, as part of its plans to cut costs to remain competitive.

Production at the aircraft factory, which employs 1,300 people, will end after almost a century, resulting in 845 redundancies. The site, howev…

BAE Systems begins construction of next aircraft carrier

BAE Systems is working in partnership with other defence companies and organisations with operations in the UK, including Babcock, Thales UK and the Ministry of Defence
Posted on 17 Feb 2012 by

Work has begun on ‘Block 2’ of the second new aircraft carrier, HMS Prince of Wales. Commander-in-Chief Fleet Admiral George Zambellas cut the first steel in a ceremony at BAE Systems’ Portsmouth production facility to mark the occasion.

The section under construction at BAE Systems’ Portsmouth…

BAE Systems’ sales fall 14% in ‘challenging’ 2011

Posted on 16 Feb 2012 by

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 £22.4bn in 20…

Defence and aerospace mergers & acquisitions highest for a decade

Posted on 7 Feb 2012 by

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 o…

BAE Systems set to recruit 265 new apprentices

Posted on 6 Feb 2012 by

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…

BAE Systems and QinetiQ team up on US Army combat vehicle

Posted on 3 Feb 2012 by

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 from …