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The Latest Breaking News from BAE Systems

British drones used in Ukrainian attacks deep inside Russia for first time, says report

Kyiv has been striking targets beyond enemy lines in recent months

The Independent UK

Files reveal details of Scottish Government grants to Israel-linked arms firms

THE Scottish Government is facing questions after files released to the Sunday National revealed it gave millions in funding to weapons firms linked…

The National (Scotland)

BAE Systems to pay $36m penalty after 104 violations of US arms export rules

State department says it has reached administrative settlement with company’s US arm to resolve breaches

The Guardian - UK

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The UK is building a fighter jet with Japan and Italy – an aviation expert explains why it could be a defence gamechanger

The UK is building a next generation fighter jet in collaboration with Italy and Japan. The Global Combat Air Programme (GCAP) has taken on even greater significance since the collapse of a rival project called the Future Combat Air System (FCAS), a collaboration between France, Germany and Spain.

The Conversation

What Is Rolls-Royce Not Telling Us About the Rolls-Royce Bae Drone Dispute Over Brontanax?

Rolls-Royce CEO responds after being cut from BAE's 'all-British' Brontanax fighter jet project over a pricing dispute.

International Business Times UK

UK announces £8 billion investment in nuclear submarines

UK defence contractor BAE Systems has been tasked with delivering four Dreadnought Class nuclear-powered submarines as part of Britain's nuclear deterrent.

Euronews

FTSE 100 reaches new heights in spite of ongoing Iran war

The FTSE 100 Index has already hit record intraday highs in the past two days, reaching 10979.24 at one stage on Thursday.

Evening Standard

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Profits boost for UK defence firms as governments increase spending

Shares in Rolls-Royce jump by 5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecasts

The Guardian - UK

Andy Burnham pouring 'good money after bad' with £8bn Trident pledge

ANDY Burnham's commitment to spend more than £8 billion on new nuclear submarines, putting the Trident missile system at the heart of his…

The National (Scotland)

BAE Systems and Rolls-Royce reap rewards from higher global defence spending

The FTSE 100 firms upgraded full-year guidance after strong first-half results.

The Independent UK

Britain unveils £8.4 billion boost for nuclear submarine fleet

Britain announced an eight-point-four billion pound investment for its nuclear submarine program. This significant funding will support twenty-two thousand apprenticeships over the next decade. BAE Systems will receive the majority of the funds for submarine construction. The first submarine, HMS Dreadnought, will enter service in the early 2030s. This investment…

The Economic Times

Trident renewal central to defence spending, says Andy Burnham

Prime minister to highlight investment in communities as he launches next phase of nuclear submarine replacement

The Guardian - UK

Defence boss warns UK is complacent about risk of foreign attack

IN FULL

The Independent UK

UK defence spending ‘not enough to protect the country’, BAE boss warns

BAE Systems boss Charles Woodburn described the current climate as ‘the most threatening time I’ve seen’

The Independent UK

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The Guardian - UK

Streeting says Burnham government will prioritise military over other spending

Defence secretary says he will give arms industry ‘clarity and confidence’ in contrast to row preceding Starmer’s exit

The Independent UK

What are ‘loyal wingmen’ drones? New unmanned fighter jet hailed as ‘groundbreaking for UK defence’

IN FULL

The Independent UK

Wes Streeting unveils ‘loyal wingman’ drones in ‘groundbreaking moment’ for UK’s defence

New defence secretary says drone will be in the skies in 2027 as part of £300m investment

The Guardian - UK

UK politics: Burnham to review early prisoner release scheme – as it happened

New PM says the main perpetrator in the killing of PC Andrew Harper will now ‘not be subject to early release’ and he will also review ‘whole policy’

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Evening Standard

Defence shares climb on investment hopes after new Chancellor named

Babcock was the top riser on the FTSE 100, with shares up 7.8%, while BAE Systems lifted by 3.25% and Qinetiq moved 4% higher.

The Guardian - UK

Defence shares rise after Andy Burnham appoints John Healey as chancellor

Babcock and BAE Systems benefit as markets hope former defence secretary will increase spending on sector

The Independent UK

Defence shares get £4bn boost after John Healey confirmed as chancellor

Defence could be one of the winners under the new chancellor, who is likely to increase military spending in Andy Burnham’s government

Evening Standard

FTSE 100 rises as US jobs data eases Fed rate hike fears

The FTSE 100 closed up 174.53 points, 1.7%, at 10,652.87.

The Economic Times

India set to seal $230 million M777 howitzer support deal with US: Sergio Gor

India is set to receive a significant boost to its defence capabilities with a proposed $230 million US sustainment package for its M777 ultra-light howitzers. This deal, announced by the US Ambassador, aims to ensure the Indian Army can maintain these critical artillery systems. The package includes vital spares, technical…

Evening Standard

FTSE 100 struggles despite US-Iran deal progress

The index closed down 41.10 points at 10,430.62.

The National (Scotland)

Shipyard strike will cause delay to Clyde-built warships, union warns

STRIKES by shipyard workers will risk more delays to Clyde-built warships, unions have warned

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