Andrea Leadsom’s 11th-hour review of US private equity takeover looks doomed to failAndrea Leadsom to the rescue? The business secretary has ordered a formal review, on national security grounds, into the proposed £4bn purchase of Cobham, the Dorset-ba…Read more
Figures reveal record £14bn sales last year with nearly 80% going to Middle EastBritish defence exports rose to a record £14bn in 2018, with sales to Saudi Arabia, the UAE, Qatar and other countries in the Middle East accounting for nearly 80% of that …Read more
Exports contributed to civilian deaths in Saudi-led bombing campaign in Yemen, court rulesThe court of appeal has declared British sales to Saudi Arabia of arms used in Yemen unlawful because they contributed to civilian casualties in indiscriminate bo…Read more
Embargo threatens UK’s pending £10bn deal to sell 48 Typhoon jets to Saudi ArabiaDefence company BAE Systems’ share price fell sharply on Thursday after it warned that a German ban on arms exports to Saudi Arabia, imposed after the killing of journalis…Read more
Exclusive: workers’ pensions put into companies implicated in deadly Saudi campaignMore than half a billion pounds of council workers’ pension money has been directly invested by local authorities in arms companies implicated in Saudi Arabia’s military…Read more
Figures reveal defence firms’ sales at new high, as Prince William prepares for visit to Ramallah and JerusalemBritish defence contractors are selling record amounts of arms to Israel, new figures reveal, just days after it was confirmed that Prince Wi…Read more
Proposed multibillion-pound deal with BAE Systems to buy 48 jets denounced by campaigners
Britain’s biggest arms manufacturer, BAE Systems, has moved towards completing an order worth billions of pounds from Saudi Arabia for the purchase of 48 Typhoon fighter jets.
The announcement came at the end of a three-day visit to the UK by the de facto ruler of Saudi Arabia, crown prince Mohammed bin Salman. Although the order could help save jobs, the proposed contract was immediately denounced by arms campaigners concerned about Saudi Arabia’s bombing of Yemen.Read more
Deal will help secure thousands of jobs at Warton in Lancashire and includes support and training for Qatari air force
BAE Systems has announced a £5bn contract to supply Typhoon aircraft to the Qatari air force.
The deal, which will help secure UK jobs, includes a support and training package. The contract is subject to financing conditions and is expected to be fulfilled no later than mid 2018.Read more
Defence contractor deals huge blow to UK manufacturing sector that follows lack of orders for its Eurofighter Typhoon jet
Britain’s biggest defence contractor, BAE Systems, is to cut nearly 2,000 jobs in a significant blow to the UK manufacturing sector.
The company, which makes the Eurofighter Typhoon jet and Britain’s nuclear submarines, said up to 1,400 jobs would go at its military, air and information business, along with a further 375 in maritime services and 150 at its applied intelligence business.Read more
Defence contractor deals blow to manufacturing sector after lack of orders for its Eurofighter Typhoon jet
Britain’s biggest defence contractor, BAE Systems, is to cut nearly 2,000 jobs in a significant blow to the UK’s manufacturing sector and the government’s industrial strategy.
The company, which makes the Eurofighter Typhoon jet and Britain’s nuclear submarines, said on Tuesday that up to 1,400 jobs would go at its military aerospace business over the next three years, along with a further 375 in maritime services and 150 at its cyber-intelligence business.Read more