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MDA Space raises full-year guidance on strong order momentum and strategic acquisitions, despite near-term cash flow headwinds.
The arms maker raised its sales, profitability and cash flow targets for the year as governments keep spending on defense in the face of escalating geopolitical tensions.
By Sarah Young FARNBOROUGH, England, July 22 (Reuters) - BAE Systems revealed a new unmanned fighter jet on Wednesday, boosting Britain's entry into one of the defence industry's hottest and most
Defense stocks jumped as investors bet the former defense secretary will oversee an increase in the department’s spending.
Kyiv has signed a deal to make BAE Systems-designed howitzers, a potential test of the country’s ability to make other sophisticated foreign weapons.
U.K.’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement Co. secured a contract to develop a new stealth fighter jet.
The defense company had been among the leading candidates to build a Type 83 destroyer for the Royal Navy, but the government will instead invest in six smaller hybrid ships.
The latest reported delays follow the group’s decision last year to put off the launch of a freighter version of the A350 due to broader supply chain disruption.
The FTSE 100 has tumbled after hopes of a peace deal in the Middle East hit shares in oil and defence companies. London’s premier stock index fell 1.5pc on Thursday, more than other markets across Europe and in the US. Defence majors BAE Systems and Babcock International sank by 5pc and 2.2pc respectively following reports that the US and Iran were close to reaching a peace deal. Shares in BP were down by 2.6pc while Shell dropped by 2.9pc after oil prices fell below $100 a barrel on hopes that
The FTSE 100 has tumbled after hopes of a peace deal in the Middle East hit shares in oil and defence companies. London’s premier stock index fell 1.5pc on Thursday, more than other markets across Europe and in the US. Defence majors BAE Systems and Babcock International sank by 5pc and 2.2pc respectively following reports that the US and Iran were close to reaching a peace deal. Shares in BP were down by 2.6pc while Shell dropped by 2.9pc after oil prices fell below $100 a barrel on hopes that
The company continues to forecast an increase in sales between 7% and 9%, and a rise in underlying earnings before interest and taxes of 9% to 11%.
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