Saudi setback hurts BAE Systems
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BAE Systems shares slid more than 4 per dcent in early trade after the company, while announcing &quot;good progress&quot; on its Eurofighter contracts, admitted further troubles in the controversial al-Yamamah programme.
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Surplus Eurofighters could be dropped on high-living Saudis Analysis The long-smouldering debate around allegations of corrupt British arms deals with Saudi Arabia reignited yesterday, as both the Guardian and the Beeb published the results of new investigations.â¦
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A BRITISH man was shot dead by suspected al-Qaeda terrorists in Saudi Arabia yesterday, sparking fears that Osama bin Ladenâs network is about to launch a new wave of attacks to destabilise the kingdom.
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The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc  over the defense firm's compliance with anti-corruption laws, including its dealings with Saudi Arabia.
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Lockheed Martin Corp. and BAE Systems North America Inc. filed protests with the Air Force Tuesday over a $4 billion contract to upgrade electronics on C-130 military transport planes awarded to Boeing Co. in 2001.
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Raytheon Co. , BAE Systems PLC , and their rivals said they expect six Persian Gulf states, including Saudi Arabia, to buy more military equipment, such as missiles and drones, in 2007 amid rising concern over Iran.
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The armed attack on the US consulate in the Saudi port of Jeddah served to fan investorsâ anxiety that terrorism in the worldâs largest oil producer could disrupt shipments.
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Although only a test, the failure of the US National Missile defense Program yesterday was seen as a major setback for the program.
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Britain was powerless to respond to threats by Saudi Arabia that it would withdraw intelligence cooperation unless a corruption investigation into arms deals with BAE was halted, a lawyer for the Serious Fraud Office told the high court today
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The British Attorney General has defended the controversial decision to end a corruption inquiry into defence manufacturer BAE Systems, saying Saudi Arabia's &quot;particular constitutional position&quot; was one of the main reasons behind the choice.
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LONDON -- BAE Systems PLC said Tuesday that the U.S. Department of Justice has begun an investigation of the company's dealings with Saudi Arabia.
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The arms company BAE secretly paid Prince Bandar of Saudi Arabia more than Â£1bn in connection with Britain's biggest ever weapons contract, it is alleged today.
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British defence group BAE Systems has reported an interim profits surge but gave an insight into problems at Airbus, saying the European planemaker might have to ask shareholders for funds.
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British defence firm BAE Systems secretly paid 250,000 pounds for the daughter of a Saudi prince at the centre of bribery allegations to go on a luxury honeymoon, The Sunday Times newspaper reported.
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Defence firm BAE Systems has strenuously denied a report that it secretly paid a Saudi Arabian prince more than one billion pounds in connection with Britain&#39;s biggest weapons deal.
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BAE Systems, Europeâs biggest defence firm, yesterday announced the planned $600 million (Â£334m) takeover of a leading US supplier of secure computer networks to the Pentagon.
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The US operations of BAE Systems have come under the spotlight amid a government probe and as it emerged Wednesday that a US senator has raised concerns about allegations the British arms group violated anti-bribery laws.