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BAE Systems plc

BAE Systems to replace tower in Barrow after deciding repairs 'uneconomical'
BAE Systems plc
Defence giant has submitted an application to Westmorland and Furness Council
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Defence stocks plunge in panic selling as Trump tariffs spark global panic
By City AM
Shares in major º£½ÇÊÓƵ and European defence firms have plunged in panic selling as markets react to the shockwaves from President Trump's sweeping global tariffs
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BAE shares surge as UBS predicts 'huge' jump in defence spending for Europe
By City AM
UBS analysts have claimed that markets are failing to account for an expected jump in defence expenditure by European nations despite the recent surge in the value of weapons companies, such as BAE.
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'º£½ÇÊÓƵ's largest' floating solar farm plan to power BAE Systems
Economic Development
Barrow and Furness Council has been asked to approve the 'Barrow Energy Dock' development
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FTSE 100 surges to record high as BAE Systems and Rolls-Royce stocks soar
By City AM
The FTSE 100 index hit a new record high on Monday morning as defence stocks surged across Europe after countries signalled they would up defence spending over the weekend
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BAE Systems forecasts more than £30bn in sales in 2025
By City AM
The defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024
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BAE Systems wins £285m Royal Navy combat systems contract
Deals
It will support jobs across the south of England including in Filton, near Bristol, and Dorchester
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BAE Systems win £285m Royal Navy contract which will support over 200 º£½ÇÊÓƵ jobs
By City AM
The defence giant has been awarded a contract to maintain and modernise combat management systems on Royal Navy vessels, supporting more than 200 º£½ÇÊÓƵ jobs.
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'Flying taxi' firm to use AI in bid to speed up aircraft testing
Aerospace
The Bristol-based company said the deal would also accelerate the aircraft's time to market
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Somerset gigafactory will be 'catalyst' for attracting major overseas firms to Britain
Somerset
The vast Tata-owned plant is being built near Bridgwater and will manufacture electric vehicle batteries for companies including JLR
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Cohort's order book hits record amid booming defence spending
By City AM
Cohort reported half-year results significantly ahead of the prior year, with increased conflict in Europe and the Middle East boosting the group's defence orders
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BAE Systems recruiting North East and Humber apprentices as part of major skills investment
Employment
Apprentices in the North East will get the chance to work on flagship programmes at the defence group
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BAE Systems announces major recruitment drive, adding 2,400 apprentices and graduates in º£½ÇÊÓƵ by 2025
BAE Systems plc
The company will be training a record 6,500 young people next year including more than 1,500 in the North West
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£12m innovation boost for North West shipping, nuclear and cybersecurity
BAE Systems plc
Engineering and Physical Sciences Research Council investing £22m in º£½ÇÊÓƵ research clusters
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Shipyard A&P Tyne completes work on submarine hunter components for Royal Navy
Maritime
The Tyneside firm has delivered four sections for Royal Navy’s Type 26 Ship 3, HMS Belfast.
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Chemring unveils £278m contract wins at Nato supplier as demand for military gear booms
By City AM
The Hampshire-headquartered firm said its Norwegian chemicals arm, Chemring Nobel, had signed a 12-year framework agreement with the German weapons manufacturer Diehl Defence
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£220m investment by BAE Systems set to transform Rochester site into 'state-of-the-art' facility
By City AM
The aerospace and defence firm expects the expansion to create 300 jobs over the next five years on top of the current 1,600 Rochester-based employees
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BAE Systems sees profit and revenue jump, raises dividend following robust trading update
By City AM
The Farnborough-based defence giant, which has benefited from the twin tailwinds of rising geopolitical tension and the prospect of a Trump presidency withdrawing Nato support, saw a 13 per cent year-on-year rise in revenue
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Profits rocket at Filtronic as emerging space market helps business take off
Technology
The NETPark innovator's operating profit came in at £3.6m – a massive leap on the 2023 figure of £200,000
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Aircraft robot firm wins £1m from Midlands Engine Investment Fund II to 'revolutionise' industry
Aerospace
First major investment for Midlands-wide fund
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Trio of deals landed as Humber Enterprise Park marks 10 year milestone
property news
The owners of the former Brough aircraft production base say it is proving popular with new tenants, particularly in defence
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North East business life: community, charity and award events of the week
People
Companies featuring this week include Avison Young, Bernicia, Hay & Kilner, Wave and Womble Bond Dickinson
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North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include º£½ÇÊÓƵ Docks, Nirvana Europe, Vrai, Beyond Digital Solutions, n-gage.io, BSF Enterprise, the Lakes Distillery, PX Group, Tekmar Group and UMi Holdings
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Tyneside tech firm Vrai to boost fast jet pilot training in BAE Systems project
Technology
The Newcastle virtual reality specialist will work with the defence firm to harness the power of extended reality and AI
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