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CEOs received average increase of 16% while pay of many working for them failed to keep up with inflationThe bosses of the UK’s 100 biggest listed companies collected an average £500,000 pay rise last year, while many of the millions of people working …
Weapon maker’s takeover of US firm comes amid global surge in spending on military and spying technologyBritain’s biggest weapons manufacturer, BAE Systems, has agreed to buy the US space technology company Ball Aerospace for $5.6bn (£4.4bn), in one of…
The U.S. Army’s Armored Multi-Purpose Vehicle (AMPV) has been approved by the Department of Defense for full-rate production. In a statement to Defense News, a spokesperson for the service’s Program Executive Office Ground Combat Systems said the…
Decision to increase charges for servicing jet engines feeds £673m earnings and jump in share priceThe boss of Rolls-Royce has said the company should have been quicker to increase charges for servicing its jet engines after price rises helped the comp…
While sharing a name with legacy efforts like Skunk Works and Phantom Works, the BAE Systems organization will be more public facing, according to a company executive.
[Sponsored] Detect, identify, disrupt, neutralize: Powerful offensive/defensive electronic warfare is the key to unlocking air dominance.
Study claims taxpayer is subsidising up to 90% of weapons companies’ research and development budgetsThe UK government is wasting billions of pounds of taxpayers’ money on “corporate welfare” for arms manufacturers that is siphoned into massive shareho…
“If we deliver solutions in 2035, we’ll be the first mover and one of the first western nations outside the US to deliver sixth-generation [aircraft],” said Herman Claesen, BAE Systems’ Future Combat Air System Managing Director.
The effort is in parallel with a project to develop technology capable of objectively measuring surf conditions.
Paul Livingston, chief executive of Lockheed Martin UK, suggested a lack of urgency on the part of the government can lead to delays in programs.