Aquamarine Power Research Partnership With BAE Systems
26th Jul 2010 07:40
LONDON (Dow Jones)--Aquamarine Power Ltd. a wave energy developer said Monday that it has joined forces with BAE Systems as part of a project worth almost GBP1 million to deliver cheaper, more reliable sources of clean energy for homes across the U.K. and beyond. MAIN FACTS: -The technology
Read moreFrench Firms Negotiating Several Arms Deals In Libya - Report
23rd Jul 2010 07:41
PARIS (Dow Jones)--French companies Dassault Aviation (AM.FR), Thales SA (HO.FR) and MBDA have been negotiating several aeronautic defense contracts in Libya for the past two weeks, including the possible sale of 14 Rafale jets, the French business daily La Tribune reports in its Friday edition, wit
Read moreMBDA Is Far From Meeting 2010 Export Target - Report
23rd Jul 2010 07:07
PARIS (Dow Jones)--European missile maker MBDA is far from meeting its 2010 export target and had received less than around EUR10 million worth of orders in the first half of the year, the French business daily La Tribune reports in its Friday edition without citing sources. The company is conce
Read moreWednesday newspaper round-up: BP, Ocado, Easyjet
21st Jul 2010 06:37
Tony Hayward is to step down as BP's chief executive within the next ten weeks as the company seeks to draw a line under its disastrous oil spill in the Gulf of Mexico. Sources close to BP, which is battling to restore its reputation and stave off a takeover, told The Times that there was a growing
Read moreBAE Expected To Get India Order Worth GBP500 Mln -Report
21st Jul 2010 02:09
DOW JONES NEWSWIRES BAE Systems PLC (BA.LN), the U.K.'s biggest defense company, is expected to announce an order from India for Hawk trainer aircraft worth around GBP500 million in the coming weeks, U.K. newspaper The Daily Telegraph reports Wednesday, without citing specific sources. Negot
Read morePRESS RELEASE: S&P Withdraws Ratings On Atlantic Marine Holding Co.
20th Jul 2010 21:36
The following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's) July 20, 2010--Standard & Poor's Ratings Services today withdrew its ratings on Mobile, Ala.-based ship repair provider Atlantic Marine Holding Co., including the 'B+' corporate credit rating, and removed the rati
Read moreAIR SHOW: BAE Systems Opens Svc,Support Facilities In Afghanistan
20th Jul 2010 15:35
By Jonathan Buck Of DOW JONES NEWSWIRES FARNBOROUGH, England (Dow Jones)--U.K. defense giant BAE Systems PLC (BA.LN) Tuesday announced that it has opened two facilities in Afghanistan to service and maintain the U.S. Army's RG33 special operations command vehicles there. The 16,000-square
Read moreItaly Cuts Eurofighter Order By 25 Units, Citing Finances
20th Jul 2010 14:27
MILAN (AFP)--Italy will slash an order for Eurofighter warplanes by 25 units from a planned 121 for a savings of about EUR2 billion, the defence ministry said Tuesday. (END) Dow Jones Newswires July 20, 2010 09:27 ET (13:27 GMT)
Read moreBAE Systems Buys Back 0.54M Own Shares
16th Jul 2010 18:25
LONDON (Dow Jones)--BAE Systems PLC (BA.LN), said Friday that it has purchased 536,209 ordinary shares of 2.5 pence each, and said it intends to hold the purchased shares in treasury. MAIN FACTS: -Highest price paid per share 323.3 pence -Lowest price paid per share 317.7 pence -Foll
Read moreBAE Systems Buys Back 1,325,000 Shares At 316.6P
15th Jul 2010 17:33
LONDON (Dow Jones)--BAE Systems PLC (BA.LN) said Thursday it has purchased 1,325,000 of its ordinary shares via The Royal Bank of Scotland NV (London Branch) and intends to hold the purchased shares in treasury. MAIN FACTS: -Volume weighted average price paid per share: 316.62 pence -Sha
Read moreBAE Systems Buys Back 1.89M Shares
14th Jul 2010 17:53
LONDON (Dow Jones)--BAE Systems PLC (BA.LN), a global company engaged in the development, delivery and support of advanced defence, security and aerospace systems said Wednesday that it has purchased 1,885,000 shares of 2.5 pence each, and said it intends to hold the purchased shares in treasury.
Read moreNorthrop Grumman Leans Toward Spinning-Off Naval Unit -CEO
14th Jul 2010 16:04
By Doug Cameron Of DOW JONES NEWSWIRES The head of Northrop Grumman Corp. (NOC) said Wednesday that spinning-off its naval shipbuilding unit was the "primary" focus of its strategic review. The third-largest Pentagon contractor by sales said Tuesday that it would close one of its seven U
Read moreFTSE 100 movers: BP pushes index lower
14th Jul 2010 15:42
Shares in BP have dipped for the first time this week and this is pushing Footsie lower. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico and there are reports that US politicians want to look into the company's activities in Libya. Derivatives trader ICAP re
Read moreMARKET TALK: Chance To Check Out Shipyard's Curb Appeal
14th Jul 2010 14:06
9:06 (Dow Jones) Defense industry executives joining Michelle Obama next week at the christening of a Coast Guard cutter built by Northrop Grumman (NOC) might want to nose around while visiting the Louisiana shipyard. NOC's new CEO Wes Bush sees few synergies between shipbuilding and its aerospace a
Read moreBAE Chief Warns Of Impact Of UK Budget Cuts On Industry-Report
14th Jul 2010 08:01
LONDON (Dow Jones)--The head of BAE Systems PLC (BA.LN) has warned that U.K. government budget cuts could threaten the country's ability to finance defense projects in the future, U.K. newspaper The Times reports Wednesday. The government has launched the Strategic Defence and Security Review to
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