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BAE Systems PLC says first half profit rise

BAE Systems PLC , Europe's largest defense contractor, said Friday that first-half profit rose 14 percent, chiefly because of demand for armored vehicles in Iraq and Afghanistan.

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BAE Systems to Acquire Detica for $1.06 billion

U.K. defense and information-technology company BAE Systems PLC said it is buying Detica Group PLC for £531 million ($1.06 billion).

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Canceled BAE Systems investigation approved by British court

A senior British prosecutor's decision to drop a bribery investigation into BAE Systems Plc weapons contracts with Saudi Arabia doesn't need to be reconsidered, the highest court in Britain ruled.

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BAE signs ammunition deal with Britain's military

Britain's Ministry of Defense said Thursday it had signed a 15-year deal with arms company BAE Systems PLC to supply ammunition to British troops and modernize the country's outdated munitions factories.

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UK Law Lords uphold decision to halt BAE inquiry

... that the Serious Fraud Office had acted lawfully when it decided to end the inquiry into whether BAE Systems PLC offered the Saudis bribes in a major contract for fighter jets and arms – a victory for the government and the Saudis, who threatened to withhold crucial cooperation on anti-terrorism intelligence and efforts. BAE, however, is still under investigation in the United States and...

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UK Law Lords uphold decision to halt BAE inquiry

... that the Serious Fraud Office had acted lawfully when it decided to end the inquiry into whether BAE Systems PLC offered the Saudis bribes in a major contract for fighter jets and arms - a victory for the government and the Saudis, who threatened to withhold crucial cooperation on anti-terrorism intelligence and efforts.BAE, however, is still under investigation in the United States and...

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Detica has record gain after takeover news

UK technology consultancy Detica had a record increase in London trading after getting a preliminary takeover approach from BAE Systems Plc, the biggest defence company in Europe. Detica’s value increased 33 percent, giving the consultancy a market value of 465.2 million pounds. This is Detica's biggest gain since it first sold shares in April 2002. “A take-out price of 413 pence could be achievable,...

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BAE to implement ethics recommendations

BAE Systems PLC announced a three-year program on Tuesday to implement recommendations from an internally commissioned report that found Europe's biggest defense contractor failed to pay sufficient attention to ethical standards.

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At the Border, Your Laptop Is Wide-Open

After two of its executives had their laptops and other electronic devices seized and searched at U.S. airports in May, BAE Systems PLC -- the U.K.-based defense and aerospace giant -- found itself facing a travel risk that many companies had never considered: that U.S. officials could search, inspect and copy data from international travelers' electronic devices without a warning or warrant....

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Next-gen robot spy plane unveiled

BAE Systems plc have been showing off their rather clever robotic warfare concepts at the Farnborough Air Show this week and the main event to send the competition into the corner sulking is this droidplane named Mantis. This twin-engined aerial machine could be compared to the better known American Predator but BAE seems to have taken a leap over the competition by announcing that this one...

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BAE to develop drone with British Defense Ministry

BAE Systems PLC plans work with Britain's Ministry of Defense to develop an unmanned aircraft that can drop laser-guided bombs and fire missiles, the aerospace and defense company said Monday.

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Swiss Widen Probe into BAE Arms Deal

Via Swiss Widen Probe into BAE Arms Deal : Swiss authorities have widened a corruption investigation linked to arms deals by the British aerospace company BAE Systems PLC, prosecutors said. The investigations center on allegations that BAE used Swiss bank accounts to pay millions of pounds in bribes to officials from Saudi Arabia in return for contracts. An investigation by Britain's Serious...

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Bloomberg News Updates

... From Lost Revenue Saudi Arabian oil and sales of armored vehicles to the U.S. military may protect BAE Systems Plc, Europe’s biggest defense contractor, from a bribery probe linked to a 43 billion-pound ($85 billion) weapons deal. Persian Gulf Shares Retreat on Iran Concern, Led by Shuaa Capital, Q-Tel Persian Gulf shares declined, as foreign investors exited the region’s markets on concern...

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Swiss widen probe into BAE arms deal

Swiss authorities have widened a corruption investigation linked to arms deals by the British aerospace company BAE Systems PLC, prosecutors said.

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Swiss widen probe into BAE arms deal

Swiss authorities have widened a corruption investigation linked to arms deals by the British aerospace company BAE Systems PLC, prosecutors said.