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The Latest Breaking News from BAE Systems

Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law

The Biden administration says it will provide $35 million to BAE Systems to increase production at a New Hampshire factory making computer chips for military aircraft

The Independent UK

Rights groups file legal challenge with UK court, urging a halt on British arms exports to Israel

Legal and human rights groups have filed a legal challenge with Britain’s High Court, calling for the U.K. to stop granting licenses for weapons exports to Israel

The Independent UK

Protesters blockade Scottish arms factory over Gaza bombardment

ACTIVISTS have blockaded a Scottish weapons factory in protest over the ongoing bombardment of Gaza.

The National (Scotland)

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Rising Defense Demands Will Be a Boon for These 3 Industry Leaders

As year end approaches, we’ve seen a major change in the geopolitical conflict picture as larger scale confrontations draw out, and new confrontations involve larger, and more, players than over the past few decades. This uptick in real and potential nation state conflicts means the weapons of war and defense…

StockNews.com

Protesters disrupt conference in Glasgow as arms manufacturer joins panel

Protesters disrupted an economy conference in Glasgow over the war in Gaza.

The National (Scotland)

Students stage sit-in urging university chiefs to drop arms investments

University of Glasgow students chanted and held signs as they protested at the establishment’s management office.

The Independent UK

Scottish Enterprise faces questions over diligence on war-crime links

HUNDREDS of human rights checks have been made on companies seeking grants from Scottish Enterprise since 2019.

The National (Scotland)

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Hundreds of pro-Palestine activists blockade BAE Systems factory in Kent

More than 400 trade unionists are involved in the action at the site

Evening Standard

The Israel-Hamas War: Impact On And Outlook For Defense Stocks

A look at the impact on U.S. defense stocks from the wars launched by Russia in Ukraine and Hamas against Israel.

Investors Business Daily

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

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

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StockNews.com

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….

Investors Business Daily

Stock Market Still Showing Losses; Palantir Stock Loses 27% This Month

The stock market is not making much progress. Buffett stock plunges while Cisco leads the S&P 500.

The Guardian - UK

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

Evening Standard

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).

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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

Zenger

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.

Wales Online

Hundreds of jobs to be created at Welsh military weapons factory

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

Birmingham Post

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

Chronicle Live

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

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

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