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The Latest Breaking News from BAE Systems

What BAE's Ukraine deal shows about the risks and opportunities of setting up a business in a war zone

Amid the Russian invasion that has made the country into a war zone since February 2022, Britain’s largest defence contractor BAE Systems has recently set up a business in Ukraine. It has agreed to supply arms to Ukraine’s military and possibly set up local production facilities in the future.

The Conversation

Zelensky: No peace until we take back Crimea

Ukrainian forces are also reported to have made more limited advances around the eastern town of Bakhmut

Evening Standard

British arms maker BAE Systems sets up in Ukraine

Manufacturer of much of the western equipment used against Russian invasion says it aims to produce artillery

The Guardian - AU

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The top 100 bosses in the U.K. scored a pay hike of over $600k last year—the highest in six years

Among the highest paid CEOs were pharmaceutical giant AstraZeneca’s chief Pascal Soriot, with £15.3 million ($19.6 million), and defense company BAE Systems CEO Charles Woodburn, who earned £10.7 million ($13.7 million).

Fortune

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

The Guardian - UK

4 Air Defense Stocks at the Top of Investors' Buy List

The air defense industry looks poised for long-term growth due to escalating international tensions, technological advancements, and higher defense spending. Therefore, it could be wise to buy fundamentally strong air defense stocks BAE Systems (BAESY), Textron (TXT), Cadre Holdings (CDRE), and CPI Aerostructures (CVU). Keep reading….

StockNews.com

Rouble recovers after Russia reportedly turns screws on exporters – as it happened

Rouble rises 2% against dollar after Russia decides against capital controls and opts for informal agreement with exporters to help stabilise the currency, according to reports

The Guardian - UK

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FTSE 100 Live: Benchmark gilt yield highest since 2008, BAE $5.6bn acquisition, FTSE down 300 points in a week

BAE Systems today revealed plans to buy Colorado-based Ball Aerospace in a deal worth $5.6 billion (£4.4 billion).

Evening Standard

BAE Systems to buy US firm Ball Aerospace in $5.6 billion deal

One of the biggest UK mergers of the year was unveiled today as Britain’s top defence contractor BAE Systems said it had reached an agreement to buy US firm Ball Aerospace in a $5.6 billion (£4.4 billion) deal.

Evening Standard

BAE Systems breaks records as governments beef up defence spending

CEO Charles Woodburn tells the Standard Russia’s war in Ukraine is a reminder to investors of the importance of defence

Evening Standard

BAE Systems’ Solar-Electric Drone Completes Stratospheric Flight Trial

PHASA-35, with 35-meter wingspan, soars to over 66,000 feet, showcasing potential for intelligence and communication applications.

Zenger

Hundreds of jobs to be created at Welsh military weapons factory

The factory has a long history of providing ammunition equipment for major wars

Wales Online

BAE Systems creating more than 60 jobs at South Wales munitions factory

UK-wide it is creating 200 jobs on the back of £280m worth of orders with the MoD

Birmingham Post

More than 100 new jobs created at BAE Systems in Washington following £280m contract win

The new jobs form part of 211 jobs being created at BAE Systems bases across the UK

Chronicle Live

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Birmingham Post

BAE Systems creates more than 200 jobs after £280m Ministry of Defence deal

A raft of new jobs are being created at the defence firm's sites in the North East, Cheshire and South Wales

The Independent UK

Time to meet 2% defence spending pledge, Sunak to tell Nato allies

The British Prime Minister will use the Vilnius summit to push for Nato to be strengthened and for continued support for Ukraine.

The Guardian - UK

UK ‘wastes billions’ on defence firms that give investors rich returns

Study claims taxpayer is subsidising up to 90% of weapons companies’ research and development budgets

Birmingham Post

Economic impact BAE Systems has on South West revealed in new report

The research has been conducted by Oxford Economics

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Birmingham Post

Critical radars that protect Royal Navy warships to be upgraded under £270m deal

BAE Systems will support, upgrade and maintain radars, securing 400 jobs across the UK

Insider UK

Jobs secured through £270 million defence contract

Engineers will upgrade existing radars at sites in Glasgow and Edinburgh

InsideEVs

North America’s Largest Battery Electric Bus Order To Be Powered By BAE Systems

This latest order builds upon the 1,800 electric buses already in use in the Canadian province of Quebec, which use the 200-kilowatt BAE Systems HDS200 electric motor.

Evening Standard

UK arms maker BAE in talks with Volodymyr Zelensky to build weapons inside Ukraine

‘We discussed the localisation of production in Ukraine,’ Zelensky said on his Telegram account

Reuters

Ukraine says it's working with BAE to set up weapons production facility

Ukraine is working with major British defense company BAE Systems to set up a Ukrainian base to both produce and repair weapons from tanks to artillery, President Volodymyr Zelenskiy said on Tuesday.

The Guardian - UK

Firms fined most by regulators still on UK government’s list of top suppliers

Observer reveals that companies are getting big contracts in spite of paying penalties for corruption or fraud

The Guardian - UK

UK arms sales reach record £8.5bn as global tensions escalate

More than half of weapons exports were for repressive regimes such as Qatar and Saudi Arabia, as sales doubled last year

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