BAE SYSTEMS
How are global stock markets reacting to the US midterm election results?
Following the midterm elections where Democrats took control of both Congressional chambers, global stock markets felt the impact. Initial hesitation in European stocks soon gave way to strength, driven by financial sector gains. Precious metals experienced a notable uptick, but defense stocks reeled from concerns over military expenditures. In Asia, markets showed volatility, underscoring investors' adaptative strategies to the altering political scenario.
Indian Army conducts high-altitude training in Ladakh to enhance mechanised forces' readiness
The Indian Army is currently focusing on enhancing the operational readiness of its mechanised forces. Training is being conducted in the high-altitude terrain of Ladakh, which poses numerous challenges. Key training includes battlefield movements, surveillance setups, and effective equipment management practices. This effort aims to improve combat preparedness and ensure successful operations in demanding environments. The Army emphasizes its commitment to train hard, operate smart, and strike decisively.
L&T and BAE Systems start production of BVS 10 Sindhu ATVs for Indian Army's high-altitude operations
Larsen and Toubro, in collaboration with BAE Systems, has commenced production of the BVS 10 Sindhu all-terrain vehicle. This development follows an order from the Indian Army for 18 units of the ATV. The vehicles are expected to be deployed in the high-altitude region of Ladakh for operations at extreme conditions. Moreover, Pakistan is fielding ATVs in the Kutch region for troop transportation purposes.
Five new K-dramas to watch this week on OTT starring Choo Young Woo, Ji Chang-wook, Kim Ji-won: Between Steps to Merry Berry Love to Doctor X: Age of the White Mafia
Get ready for a week filled with new K-dramas as several interesting series roll out on popular OTT platforms. Starting with Between Steps, a charming youth romance that debuted on October 5, this week also features the anticipated rom-com Merry Berry Love starring actor Ji Chang-wook premiering on Disney+ on October 7. Read on to know when and where to watch five new K-dramas on OTT.
"Will resolve issue and start delivering": HAL CMD Ravi Kumar on Tejas LCA Mk1A
Hindustan Aeronautics Limited is working to resolve Tejas Mk1A software integration challenges. The company will deliver seventy Hindustan Turbo Trainer-40 aircraft over four to five years. Prototypes for the CATS Warrior autonomous drone are now under fabrication. Four Dhruv Next Generation helicopters are being handed over to Pawan Hans Limited. Two Light Combat Aircraft Tejas trainer jets are also being delivered to the Indian Air Force.
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Bitcoin falls 30% as Google, gold and defence stocks outperform since 2020: Report
Google emerged as the best-performing asset in a Taurex study, gaining nearly 291% between 2020 and August 2026, while Bitcoin fell 30%. BAE Systems, gold, Apple and Microsoft also delivered gains of more than 100%. Defence stocks featured prominently among the top performers, benefiting from higher military spending, geopolitical tensions and increased global security expenditure.
L&T bags keenly-watched deal to make Indian Army's new specialised all-terrain armoured vehicle
Under the terms of the deal, L&T will indigenously produce the BvS10 Sindhu at its Armoured Systems Complex in Hazira. BAE Systems will provide L&T with technical and design support.
BAE Systems, L&T join hands to bring all-terrain vehicle to India under 'Make in India' programme
Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles.
BAE agrees to buy Ball Aerospace for $5.55 billion
BAE Systems is set to acquire Ball Corp's aerospace assets for $5.55 billion cash, after it outbid defense companies such as General Dynamics and Textron. The deal is expected to close by H1 of 2024 and will be funded through additional debt and existing cash. Ball Corp stated that it would use the proceeds to alleviate $9.7 billion of debt, enhance its packaging business, and return money to its shareholders.
BAE Systems to work with Heart Aerospace on electric airplane battery
The ES-30 will be powered by four electric motors, with an all-electric range of 200 kilometers, an extended reserve hybrid range of 400 kilometers with 30 passengers and an ability to fly up to 800 kilometers with 25 passengers, BAE Systems said.
BAE Systems appoints Ravi Nirgudkar managing director for India
The company said that Nirgudkar will spearhead BAE Systems’ operations and build on the company’s partnerships with the Indian defence industry. He succeeds Nik Khanna, who will now take up a new role with BAE Systems’ air sector in the United Kingdom.
Kalyani Group, BAE Systems to develop air defence guns
For developing the air defence guns, Kalyani Group formed a "strategic partnership" with BAE Systems at the on-going 'DefExpo'.
India's defence security space can grow like its automotive and service sector: BAE Systems
Alistair Castle, Vice President of BAE Systems India, said, “Automotive sector and service sector grew really quickly and demonstrated to the world what India is capable of."
Make in India push: BAE Systems to partner with Mahindra for assembling & testing M777 howitzers
"BAE Systems looks forward to working with Mahindra in the coming weeks to finalize details of this AIT facility," the company's press release said.
Deepak Parekh named chairman of BAE Systems India
"As India accelerates its pace towards goal of self-reliance in aerospace & defence, it is an exciting time to help guide BAE," Parekh said.
Ties with HAL could go beyond Hawk, says BAE executive
BAE Systems Chairman Dick Olver today said the deep-routed business relationship with HAL should go beyond Advanced Jet Trainer Hawk.
Mahindra & Mahindra to acquire 26% stake in defence JV with BAE Systems
In DLSI, Mahindra Defence Systems - a part of the M&M group -- has 74 per cent stakes while the global defence major had thee remaining 26%.
BAE pulls out of tender to sell upgraded Bofors guns to Army
BAE Systems today pulled out of Defence Ministry's tender for purchase of 400 towed artillery guns--an upgraded version of Bofors guns--for the Indian Army.
BAE plans 1,300 UK job losses amid govt cuts
British defense and aerospace contractor BAE Systems said on Thursday it is planning to shed almost 1,300 jobs due to sharp government spending cuts.
BAE Systems plans to cut around 740 British jobs
Defense contractor BAE Systems PLC says it is in talks with unions to cut around 740 jobs in Britain, mainly from its military air division.
Armor company BAE Systems to cut 300 US jobs
A company that puts protective armor on vehicles has said it will cut about 300 more jobs in southwest Ohio due partly to the loss of a key US Army contract.
HAL inks 700-mn pound Hawk jet deal with BAE, Rolls
Hindustan Aeronautics (HAL) signed contracts worth £700 million with British defence and aerospace major BAE Systems and Rolls Royce for 57 Hawk advanced jet trainers for its Air Force as well as the Navy.
UK's BAE Systems to cut 500 jobs
Leading European def co BAE Systems will slash nearly 500 jobs in coming days.
BAE Systems to cut 200 jobs
British defence manufacturer BAE Systems said it was cutting immediately 200 jobs at its land systems business.
BAE Systems to cut 200 jobs
British defence manufacturer BAE Systems said Thursday it was cutting immediately 200 jobs at its land systems business.
BAE Systems reports 45 percent profit slump in 2007
BAE Systems, a leading maker of military planes, said on Thursday that net profit slumped by almost half in 2007 but the result was skewed by a big exceptional gain in 2006 from the sale of its stake in Airbus.
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