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Leonardo SpA
Leonardo calls for reform of EU’s fragmented defence industry
...In his first interview since taking the helm of the Rome-based aerospace and defence group in May, Roberto Cingolani said the Ukraine war had served as a wake-up call for the European industry and companies...
January 4, 2024
MBDA Missile Systems
UK must play a role in EU’s defence strategy, urges European missile maker’s chief
...Created in 2001 by the merger of sensitive UK, French and Italian defence assets, MBDA is owned by BAE Systems and Airbus, which hold 37.5 per cent respectively, with the balance held by Leonardo of Italy...
March 13, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
EU defence
Rheinmetall chief urges Europe to build defence tech champions
...One example of successful cross-border co-operation is Europe’s biggest missile maker MBDA, which is owned by the UK’s BAE Systems and European aeronautics group Airbus, which each hold a 37.5 per cent stake...
April 1, 2024
News in-depthAerospace & Defence
How the Storm Shadow missile maker launched a new model of defence co-operation
...The company is owned by BAE Systems and Airbus, which hold 37.5 per cent respectively, with the balance held by Leonardo of Italy....
April 8, 2024
InterviewMitsubishi Heavy Industries Ltd
MHI plans global defence sales push after Japan expands military budget
...MHI — alongside BAE Systems of the UK and Italy’s Leonardo — is also one of the three leading industrial partners for the Global Combat Air Programme, which aims to merge national programmes to develop a...
October 31, 2023
BAE Systems PLC
BAE Systems buys UK drone specialist Malloy Aeronautics
...BAE Systems has bought a UK technology specialist developing innovative, “heavy-lift” drones capable of delivering supplies or evacuating troops....
February 2, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
BAE Systems PLC
BAE chief warns ramping up arms production will take time
...BAE Systems chief executive Charles Woodburn said “this current generation” of European policymakers “absolutely get it” in terms of the need to have a solid industrial base, but the “question is about long-term...
February 21, 2024
InterviewWar in Ukraine
Kyiv calls on west to fund Ukraine’s domestic defence production
...The minister said he was also asking the UK government to fund the production in Ukraine, under licence, of the L119 light gun, a 105mm towed howitzer made by BAE Systems....
March 15, 2024
UK defence spending
Sunak pledge to boost defence spending raises prospect of cuts elsewhere
...BAE Systems, Britain’s leading defence group and key supplier of ammunition to the UK’s armed forces, is expected to be among the biggest beneficiaries of increased spending....
April 24, 2024
UK foreign policy
UK under growing pressure to halt arms exports to Israel
...BAE Systems, which builds the rear fuselage section of the F-35 jets at its factory in Samlesbury in Lancashire, said it has “no operations or employees in Israel or Gaza, nor do we sell military equipment...
April 4, 2024
News in-depthEU defence
The companies benefiting from Europe’s defence revival
...These new orders have transformed the fortunes of Europe’s defence contractors, with the combined backlog of the region’s top seven companies in the sector — including BAE Systems, Leonardo and Saab — rising...
February 23, 2024
LexBAE Systems PLC
BAE/Ball Aerospace: shooting for the stars with $5.6bn US space takeover Premium content
...BAE Systems just reversed the flow. The UK’s national defence champion has struck a deal to buy Ball Aerospace for $5.6bn....
August 17, 2023
Aerospace & Defence
European defence groups warn over reliance on Chinese cotton used in gunpowder
...Britain’s BAE Systems, which supplies the UK’s armed forces with ammunition, said that while there were sufficient inventories of raw materials for its munitions production, it was “aware of potential concerns...
April 8, 2024
Japanese politics & policy
Japan eases arms export curbs to send Patriot missiles to US
...Tokyo is also considering exporting to the UK 155mm artillery shells that it makes under licence from BAE Systems, according to two people with direct knowledge of the discussions, a plan also intended indirectly...
December 21, 2023
Semiconductors
Samsung boosts Biden’s chipmaking ambitions with Texas plant upgrade
...US chipmaker Intel has received the largest sum, up to $8.5bn, while GlobalFoundries, Microchip Technology and BAE Systems have also received funding....
April 15, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Aerospace & Defence
TikTok videos vs weapons: defence sector needs priority access to power, says Nordic boss
...Alongside Roxel, owned equally by missile maker MBDA and France’s Safran, it is one of just two European manufacturers of “rocket motors”, propulsion systems for rockets and missiles....
March 19, 2024
LexBAE Systems PLC
BAE Systems: forecasts rise alongside geopolitical tensions Premium content
...This means that BAE has the option to acquire smaller rivals. It is reported to be casting its eye over US group Ball Aerospace. Such deals may help BAE narrow the valuation gap with its US peers....
August 2, 2023
News in-depthBoeing Co
Who can rescue Boeing?
...Gitlin has a background in aerospace, previously holding roles at Collins Aerospace and United Technologies....
March 25, 2024
Aerospace & Defence
Global defence orders surge as geopolitical tensions mount
...An analysis by the Financial Times of 15 defence groups, including the largest US contractors, Britain’s BAE Systems and South Korea’s Hanwha Aerospace, found that at the end of 2022 — the latest for which...
December 27, 2023
BAE Systems PLC
UK defence group BAE Systems lifts profit forecast as military spending soars
...BAE Systems has lifted its annual profit forecast as the war in Ukraine helped drive orders to new records at Britain’s biggest defence company....
August 2, 2023
News in-depthUK economy
A northern English town looks to BAE Systems to help it ‘level up’
...The port town’s biggest employer and Britain’s leading defence company, BAE Systems, now has a full order book for the next 30 years, partly owing to the UK’s Aukus nuclear submarine deal with the US and...
September 10, 2023
Elisabeth Braw
How a skills shortage could hit Ukraine’s battlefield
...Systems)....
January 29, 2024
Aerospace & Defence
UK chosen as headquarters for fighter jet project with Japan and Italy
...With the headquarters issue resolved, the leading industrial partners on the programme — the UK’s BAE Systems, Italy’s Leonardo and Japan’s Mitsubishi Heavy Industries — are also expected to work out their...
December 14, 2023
LexBabcock International Group PLC
Babcock: defence contractor emerges from the depths Premium content
...Babcock is a smaller company than, say, BAE Systems. While more than three-quarters of FY2024e revenues will be defence-related, thinks Agency Partners, it still owns some motley assets....
September 28, 2023
Taiwan
US agrees to sell military aircraft tracking system to Taiwan
..., said the US defence department’s Defense Security Cooperation Agency....
August 24, 2023

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