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 …

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 f…

Interview: Rocket Man reaches 40-not out

Talking to employees by Dual Mode Brimstone
Posted on 2 Feb 2012 by

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…

MOTS: not a dirty word for UK defence firms

A General Dynamics scout vehicle
Posted on 1 Feb 2012 by

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…

MoD awards £500m missile contract to MBDA

Posted on 30 Jan 2012 by

Missile manufacturer MBDA, a multinational group owned by EADS, BAE Systems and Finmeccanica, has won a contract worth £483m to develop a new supersonic missile defence system for the Royal Navy.

The Ministry of Defence announced the contract in a statement today.

The system, known as Sea Ceptor…