BAE Systems
British defence
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2025 | Completion of £270 million Spearfish torpedo upgrade program, with upgraded torpedoes to enter operational service on all Royal Navy submarines. Upgrades include a new insensitive-munition warhead, improved fuel system safety, full weapon digitisation, and a new fibre optic guidance link. |
December 31 2024 | BAE Systems reported annual financial results, with a turnover of £26,312 million, profit before tax of £2,332 million, and net profit of £2,041 million. |
October 2024 | A significant fire occurs at the Barrow-in-Furness facility, resulting in two people being hospitalized for smoke inhalation. Cumbria Constabulary confirmed no nuclear risk. |
March 2024 | All Canadian CT-155 Hawk training aircraft were retired from service, marking the end of their use in pilot training for front-line fighter aircraft under the NATO Flying Training in Canada (NFTC) program. |
February 2024 | Last locally assembled Hawk Mk.165 formally handed over during the World Defense Show in Riyadh. |
February 16 2024 | Completed the acquisition of Ball Corporation's aerospace division. |
January 4 2024 | BAE Systems announced an initial agreement potentially worth up to $50 million to resume production of titanium structures for the M777 howitzer for the U.S. Army, with first deliveries expected in 2025. |
2023 | Cressida Hogg became Chair of BAE Systems, succeeding Sir Roger Carr. |
December 31 2023 | Company recorded annual financial results with a turnover of £23,078 million, profit before tax of £2,326 million, and net profit of £1,940 million. |
November 10 2023 | Trade unionists staged a direct action protest at a BAE Systems factory in Rochester, Kent, blocking entrances to demonstrate against the company's military aircraft component manufacturing for Israel during the Israel-Hamas war. |
October 2023 | BAE was awarded a £3.95 billion contract for development work on Aukus-class submarines, with work continuing up to 2028. |
October 31 2023 | Announced the acquisition of Eurostep, a secure data sharing company headquartered in Sweden. |
August 2023 | BAE Systems opened an office in Ukraine and signed an agreement for cooperation on repair, spare parts, and production of L119 howitzers. |
August 2023 | BAE agreed to acquire the aerospace division of US-based Ball Corporation for $5.6 billion in cash (approximately £4.5 billion), which was its largest acquisition to date. |
July 2023 | BAE received a £280 million order to address munitions shortage caused by ammunition supply to Ukraine. |
June 2023 | Awarded a ten-year contract to support three main radar systems across the Royal Navy Fleet and develop next-generation radar technology. |
2022 | An unknown number of Zimbabwe's Hawk aircraft were restored to service, with military officials declining to provide details of the refurbishment. |
2022 | BAE Systems Maritime Services signed a strategic agreement with Qatar's Barzan Maintenance Shield to provide Warship Support and Naval Base Management Services for the Qatar Emiri Naval Force, expanding their international naval support capabilities. |
2022 | BAE Systems published its Annual Report, revealing significant shareholders including Barclays (3.98%), BlackRock (9.90%), Capital Group Companies (14.18%), Invesco (4.97%), and Silchester International Investors (3.01%). |
2022 | During the Russian invasion of Ukraine, BAE Systems reported a sharp increase in interim sales and profits, along with other major arms manufacturers. |
December 31 2022 | Annual financial results showed a turnover of £21,258 million, profit before tax of £1,989 million, and net profit of £1,674 million. |
October 31 2022 | Sale of financial services business to SymphonyAI completed. |
July 12 2022 | Announced the sale of its financial services business to SymphonyAI. |
April 6 2022 | BAE Systems established BAE Systems Japan, a new subsidiary located in Akasaka, Tokyo, aimed at strengthening relations with the Japanese Ministry of Defense and Japan Self-Defense Forces. |
February 2022 | Formed a new Digital Intelligence business, integrating digital, data and cyber capabilities from across the company. |
September 2021 | First Hawk aircraft delivered to the Qatar Emiri Air Force. |
July 2021 | Announcement made that all UK military units operating Hawk T1 aircraft (except the Red Arrows) would be retired by 31 March 2022. |
March 30 2021 | BAE Systems resumed large political contributions, including a donation to the National Republican Senatorial Committee, effectively ending its previous donation suspension. |
January 2021 | Following the United States Capitol attack, BAE Systems announced a suspension of political donations in the US. |
2020 | Production of the Hawk aircraft concluded in the United Kingdom, after decades of successful manufacturing and global deployment. |
November 2020 | Simon Finch was sentenced to 4 years and 6 months in prison for breaching the Official Secrets Act. |
November 2020 | The UK Ministry of Defence awarded BAE a 20-year, £2.4 billion munitions contract to manufacture 39 different munitions for the UK armed forces, superseding the 2008 MASS contract. |
August 2020 | BAE Systems completed the purchase of United Technologies' military GPS businesses for $1.9 billion and Raytheon's military airborne radios business for $275 million, as a condition of the Raytheon Technologies merger approval. |
June 15 2020 | A BAE Hawk aircraft in use with the Indonesian Air Force crashed. |
December 2019 | BAE Systems announced Tom Arseneault would be named the new President and CEO, with Jerry DeMuro transitioning to an executive vice president role of Strategic Initiatives while continuing to serve on the U.S. organization's Board of Directors. |
October 2019 | Seven additional locally built Hawk Mk.165 aircraft delivered to the Royal Saudi Air Force. |
July 2019 | BAE Systems sold a 55% share of its UK land business to Rheinmetall, establishing the joint venture Rheinmetall BAE Systems Land (RBSL) in Telford, Shropshire. |
June 2019 | First locally built Hawk Mk.165 delivered to the Royal Saudi Air Force. |
March 2019 | First locally assembled Hawk aircraft in Saudi Arabia was completed. |
2018 | Qatar Emiri Air Force ordered 9 Hawk aircraft. |
2018 | BAE Systems agreed to a £5 billion deal with the government of Qatar for 24 Typhoon Eurofighters. |
July 2018 | BAE Systems unveiled a mock-up of the proposed future combat aircraft named Tempest at the Farnborough Air Show, which notably bore a strong resemblance to the Replica test model. |
May 2018 | Construction of the final Astute-class submarine begins. |
2017 | First aircraft of the Hawk 165 for the Royal Saudi Air Force delivered. |
2017 | First Hawk 166 aircraft delivered to the Royal Air Force of Oman. |
2017 | 98% of BAE Systems' total sales were military-related. |
November 2017 | BAE Systems Maritime Services was awarded a five-year, £18m contract to support long-range radar equipment on the UK's six Type 45 destroyers. |
October 10 2017 | BAE announced it would lay off nearly 2,000 employees in Britain, mainly due to an order shortage for the Typhoon fighter. |
July 2017 | Royal Air Force of Oman received 2 Hawk 166s as part of their 8-aircraft order. |
July 20 2017 | Construction of HMS Glasgow, the first Type 26 frigate, began with the first steel being cut at the Govan shipyard as part of the Global Combat Ship programme for the Royal Navy. |
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This contents of the box above is based on material from the Wikipedia articles BAE Systems Maritime – Maritime Services, BAE Systems Maritime – Naval Ships, BAE Systems Replica, BAE Systems Submarines, BAE Systems Hawk, BAE Systems Inc., BAE Systems & BAE Systems Digital Intelligence, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.