BAE wins anti-missile contract
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BAE Systems and Northrop Grumman were last night awarded contracts by the United States government to develop technology for protecting commercial aircraft from shoulder-fired missiles.
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Seven prototypes of a communications system will be developed for the Slovak Ministry of Defense under a $30 million contract awarded to BAE Systems of Rockville.
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BAE Systems PLC, Europe&#39;s largest military company, said yesterday that it had agreed to acquire DigitalNet Holdings for $494.
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Britain signed an agreement Tuesday committing to the next development and production phase of the new Joint Strike Fighter jet, resolving a dispute between the Pentagon and its biggest overseas partner over sharing technology for the advanced fighter jet.
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A transatlantic bid from US firm Lockheed Martin wins the contract to supply helicopters for US presidents.
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LONDON : The British defence and aerospace giant BAE Systems posted an 18 percent rise in interim headline profits on the back of a strong performance in North America and by airplane maker Airbus.
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Teams led by BAE Systems and Northrup Grumman were chosen Wednesday to build and test prototypes for anti-missile systems to defend US commercial planes against shoulder-fired rockets.
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Britain's BAE Systems has begun designing a new breed of weapons that will retain their deadly nature while becoming less destructive to the environment.
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Britain's biggest defence contractor, BAE Systems, reportedly paid millions of dollars into a slush fund for a leading member of Saudi Arabia's royal family with the knowledge of its chief operating officer.
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The British defence and aerospace giant BAE Systems posted an 18 percent rise in interim headline profits on the back of a strong performance in North America and by airplane maker Airbus.
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds.
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Britain signed an agreement Tuesday committing to the next development and production phase of the new Joint Strike Fighter, resolving a dispute between the Pentagon and its biggest overseas partner over sharing technology for the advanced fighter jet.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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A team led by the military contractor ITT Corporation has won a government contract worth up to $1.8 billion to build the first portion of a new satellite-based air traffic control system.
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Iran's defence minister says a strategic missile has been successfully tested and delivered to the military.
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.
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Defence firm BAE Systems posts a 15% rise in half-year profits after seeing a strong increase in sales.