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The Latest Breaking News from BAE

Record orders at BAE Systems as European defence spending rises

Weapons maker’s full-year pre-tax profits top £3bn and it expects sales of more than £30bn next year

The Guardian - UK

BAE Profits Boosted By Defense Spending Amid Ukraine War

British military equipment maker BAE Systems on Wednesday announced a five percent rise in annual net profit, boosted by government defence spending amid the war in Ukraine.

International Business Times

UK joins Italy and Japan to develop British fighter jet to rival America’s F-35

Joint-venture hailed as a ‘pivotal moment’ for the international aerospace and defence industry

The Guardian - UK

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BAE fire: Thick smoke and bright flashes seen during blaze at nuclear submarine shipyard

Two workers were taken to hospital

The Independent UK

Thick smoke and bright flashes seen during fire at nuclear submarine shipyard

Two workers were taken to hospital for smoke inhalation following the incident at BAE Systems in Barrow-in-Furness, Cumbria.

Evening Standard

Two taken to hospital after fire breaks out at BAE Systems’ Barrow shipyard

Police said they were taken to hospital for suspected smoke inhalation.

The Independent UK

BAE Systems fire: Two taken to hospital after blaze at nuclear submarine shipyard

Police said they were taken to hospital for suspected smoke inhalation

Evening Standard

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Scottish Labour politicians slammed over visit to Israel-linked arms manufacturers

SCOTTISH Labour politicians have been slammed after visiting an arms manufacturer linked with the Israeli military as the country ratchets up its…

The National (Scotland)

Profit taking hits Rolls and BAE shares as FTSE 100 falls back

Markets are calm as traders await the interest rate thoughts of central bankers at this week’s Jackson Hole economic symposium.

Evening Standard

Kate Forbes 'optimistic' about Ferguson Marine's future amid £14.2m cash injection

KATE Forbes has expressed confidence in Ferguson Marine amid concern over the shipyard's future ...

The National (Scotland)

Defence contractor kicks off $120m paint workshop plan at Williamtown

The workshop will maintain the 'stealth' paint on F-35 jets.

Newcastle Herald

Struggles at Belfast’s Titanic shipyard reflect UK’s faded naval power

Attempts by Harland & Wolff to restore the city’s industrial prowess could be dashed as the new government beds in, but the famous firm is already in choppy waters elsewhere

The Guardian - UK

Scottish Government under fire as grants given to arms firms linked with Israel

A SCOTTISH Government agency has reportedly given huge sums to arms companies supplying Israel since beginning its bombardment of Gaza.

The National (Scotland)

Australian university students are camping out in support of Gaza. Here’s what you need to know

Pro-Palestinian students at four Australian campuses say they will permanently occupy university land until their demands for divestment are met

The Guardian - AU

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International Business Times UK

Should I Invest in Defence Stocks? UK Gov Say They Align With ESG After Rishi Steps up Military Spending

The growing need to protect ships, submarines, and aircraft may see stocks like BAE Systems and Rolls-Royce benefit from higher demand for military equipment.

Newcastle Herald

National Defence Strategy eyes Hunter as Indo-Pacific industry hub in $50 billion military spend

Hunter defence industry has been turbo charged by the first National Defence Strategy.

The Guardian - UK

Al-Yamamah arms deal report comes to light ending anti-corruption campaigners’ battle

Inquiry by National Audit Office into British-Saudi arms contract reveals evidence of MoD deception over bribery allegations

The Guardian - AU

Australia moves to prop up Aukus with $4.6bn pledge to help clear Rolls-Royce nuclear reactor bottlenecks in UK

Funding revealed on eve of government talks is in addition to billions of dollars to be sent to US

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The Guardian - UK

Foreign Office official floated idea of giving honour to fixer for Saudi royals

Salah Fustok alleged by UK prosecutors to have been a middleman for nearly £10m in payments to Saudi prince

The Guardian - UK

After the bombshell Saudi defence deal revelations, we need a full inquiry into who knew what

There cannot be one rule for ordinary businesses and ordinary people, and another for government departments, says Susan Hawley of Spotlight on Corruption

The Guardian - UK

MoD paid millions into Saudi account amid BAE corruption scandal

Documents show officials stressing need to ‘keep the Saudis on side’ after revelations about notorious al-Yamamah deal

The Guardian - UK

Arms maker BAE Systems makes record profit amid Ukraine and Israel-Gaza wars

FTSE 100 company says global instability is making government focus on defence spending

The Guardian - UK

BAE Systems in line for potential windfall from Kazakhstan airline flotation

Air Astana, which is 49% owned by the British defence firm, announces plans to float on London stock market

The National (Scotland)

New £12m training academy to be built on banks of River Clyde

A NEW shipbuilding academy is to be built on the banks of the River Clyde to ensure Glasgow has the skills the industry needs for the future ...

Newcastle Herald

Time critical: Williamtown base gets $110m for F-35 fleet expansion

Planning documents convey a sense of urgency, saying the project is "time-critical" and would "directly contribute to the defence of Australia".

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