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BAE Systems: Difference between revisions
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In November 2013, BAE Systems announced that shipbuilding would cease in Portsmouth in 2014 with the loss of 940 jobs, and a further 835 jobs would be lost at Filton, near Bristol, and at the shipyards in Govan, Rosyth, and Scotstoun in Scotland.<ref>{{cite news |url=http://descrier.co.uk/uk/2013/11/bae-cut-1775-shipbuilding-jobs/ |title=BAE to cut 1,775 shipbuilding jobs |work=Descrier |date=6 November 2013 |access-date=6 November 2013 |archive-url=https://web.archive.org/web/20131107030437/http://descrier.co.uk/uk/2013/11/bae-cut-1775-shipbuilding-jobs/ |archive-date=7 November 2013 |url-status=live}}</ref> On 9 October 2014, the company announced the loss of 440 management jobs across the country, with 286 of the job cuts in Lancashire.<ref>[https://www.bbc.co.uk/news/business-29550199 "BAE Systems set to cut 440 management jobs"]. {{Webarchive|url=https://web.archive.org/web/20190201054359/https://www.bbc.co.uk/news/business-29550199 |date=1 February 2019}} ''BBC News'', 9 October 2014.</ref><ref>[http://webarchive.loc.gov/all/20141016165238/http://www.defensenews.com/article/20141009/DEFREG01/310090047/BAE%2DCut%2D440%2DManagement%2DJobs "BAE To Cut 440 Management Jobs"]. ''Defense News'', 9 October 2014.</ref> | In November 2013, BAE Systems announced that shipbuilding would cease in Portsmouth in 2014 with the loss of 940 jobs, and a further 835 jobs would be lost at Filton, near Bristol, and at the shipyards in Govan, Rosyth, and Scotstoun in Scotland.<ref>{{cite news |url=http://descrier.co.uk/uk/2013/11/bae-cut-1775-shipbuilding-jobs/ |title=BAE to cut 1,775 shipbuilding jobs |work=Descrier |date=6 November 2013 |access-date=6 November 2013 |archive-url=https://web.archive.org/web/20131107030437/http://descrier.co.uk/uk/2013/11/bae-cut-1775-shipbuilding-jobs/ |archive-date=7 November 2013 |url-status=live}}</ref> On 9 October 2014, the company announced the loss of 440 management jobs across the country, with 286 of the job cuts in Lancashire.<ref>[https://www.bbc.co.uk/news/business-29550199 "BAE Systems set to cut 440 management jobs"]. {{Webarchive|url=https://web.archive.org/web/20190201054359/https://www.bbc.co.uk/news/business-29550199 |date=1 February 2019}} ''BBC News'', 9 October 2014.</ref><ref>[http://webarchive.loc.gov/all/20141016165238/http://www.defensenews.com/article/20141009/DEFREG01/310090047/BAE%2DCut%2D440%2DManagement%2DJobs "BAE To Cut 440 Management Jobs"]. ''Defense News'', 9 October 2014.</ref> | ||
In July 2014 it announced the acquisition of US intelligence company Signal Innovations Group Inc. to augment imagery and data analysis technologies in its Intelligence & Security business.<ref>{{cite web|url=http://www.defensedaily.com/bae-acquires-signal-innovations-group-2/|title=BAE Acquires Signal Innovations Group|date=16 October 2014|publisher=Defense Daily|access-date=25 February 2018|archive-url=https://web.archive.org/web/20180225205937/http://www.defensedaily.com/bae-acquires-signal-innovations-group-2/|archive-date=25 February 2018|url-status=live}}</ref> In August 2014, BAE was awarded a £248 million contract from the [[British government]] to build three new [[offshore patrol vessel]]s.<ref>{{cite web|url=https://www.reuters.com/article/us-britain-bae-systems-idUSKBN0GB28D20140811|title=BAE Systems wins 348 million pounds contract for new UK patrol ships|work=reuters.com|publisher=Reuters|date=21 August 2014|access-date=30 June 2017|archive-url=https://web.archive.org/web/20151017061110/http://www.reuters.com/article/2014/08/11/us-britain-bae-systems-idUSKBN0GB28D20140811|archive-date=17 October 2015|url-status=live}}</ref> In October 2014, BAE Systems won a £600 million contract from the MoD to maintain [[HMNB Portsmouth|Portsmouth naval base]] for five years.<ref>{{cite press release |publisher=Reuters |date=1 October 2014 |title=Babcock, BAE Systems win $5.2 billion UK naval contracts |url=https://www.reuters.com/article/us-bae-systems-contract-idUSKCN0HQ3DV20141001|access-date=5 June 2021}}</ref> During 2014 BAE Systems acquired US-based cybersecurity firm Silversky for $232.5 million.<ref>[https://www.reuters.com/article/2014/10/21/uk-silversky-m-a-bae-systems-idUSKCN0IA0KE20141021 BAE Systems to buy U.S. cyber security firm SilverSky for $232.5 million] {{Webarchive|url=https://web.archive.org/web/20151017061110/http://www.reuters.com/article/2014/10/21/uk-silversky-m-a-bae-systems-idUSKCN0IA0KE20141021 |date=17 October 2015}}. | In July 2014 it announced the acquisition of US intelligence company Signal Innovations Group Inc. to augment imagery and data analysis technologies in its Intelligence & Security business.<ref>{{cite web|url=http://www.defensedaily.com/bae-acquires-signal-innovations-group-2/|title=BAE Acquires Signal Innovations Group|date=16 October 2014|publisher=Defense Daily|access-date=25 February 2018|archive-url=https://web.archive.org/web/20180225205937/http://www.defensedaily.com/bae-acquires-signal-innovations-group-2/|archive-date=25 February 2018|url-status=live}}</ref> In August 2014, BAE was awarded a £248 million contract from the [[British government]] to build three new [[offshore patrol vessel]]s.<ref>{{cite web|url=https://www.reuters.com/article/us-britain-bae-systems-idUSKBN0GB28D20140811|title=BAE Systems wins 348 million pounds contract for new UK patrol ships|work=reuters.com|publisher=Reuters|date=21 August 2014|access-date=30 June 2017|archive-url=https://web.archive.org/web/20151017061110/http://www.reuters.com/article/2014/08/11/us-britain-bae-systems-idUSKBN0GB28D20140811|archive-date=17 October 2015|url-status=live}}</ref> In October 2014, BAE Systems won a £600 million contract from the MoD to maintain [[HMNB Portsmouth|Portsmouth naval base]] for five years.<ref>{{cite press release |publisher=Reuters |date=1 October 2014 |title=Babcock, BAE Systems win $5.2 billion UK naval contracts |url=https://www.reuters.com/article/us-bae-systems-contract-idUSKCN0HQ3DV20141001|access-date=5 June 2021}}</ref> During 2014 BAE Systems acquired US-based cybersecurity firm Silversky for $232.5 million.<ref>[https://www.reuters.com/article/2014/10/21/uk-silversky-m-a-bae-systems-idUSKCN0IA0KE20141021 BAE Systems to buy U.S. cyber security firm SilverSky for $232.5 million] {{Webarchive|url=https://web.archive.org/web/20151017061110/http://www.reuters.com/article/2014/10/21/uk-silversky-m-a-bae-systems-idUSKCN0IA0KE20141021 |date=17 October 2015}}. Reuters, 21 October 2014</ref> | ||
During Prime Minister [[Theresa May]]'s visit to Turkey in January 2017, BAE and [[Turkish Aerospace Industries|TAI]] officials signed an agreement, worth about £100 million, for BAE to provide assistance in developing the [[TAI TF Kaan]] aircraft.<ref name="reuters">{{cite news |url= http://uk.reuters.com/article/uk-britain-eu-turkey-bae-idUKKBN15C0IM |title= Britain, Turkey sign defence deal to develop Turkish fighter jet |work= Reuters |date= 27 January 2017 |access-date= 26 June 2017 |archive-url= https://web.archive.org/web/20170512154414/http://uk.reuters.com/article/uk-britain-eu-turkey-bae-idUKKBN15C0IM |archive-date= 12 May 2017 |url-status= dead}}</ref> On 10 October 2017, BAE announced that it would lay off nearly 2,000 out of its approximately 35,000 employees in Britain, mainly due to an order shortage for the Typhoon fighter.<ref name="veconomist"/> | During Prime Minister [[Theresa May]]'s visit to Turkey in January 2017, BAE and [[Turkish Aerospace Industries|TAI]] officials signed an agreement, worth about £100 million, for BAE to provide assistance in developing the [[TAI TF Kaan]] aircraft.<ref name="reuters">{{cite news |url= http://uk.reuters.com/article/uk-britain-eu-turkey-bae-idUKKBN15C0IM |title= Britain, Turkey sign defence deal to develop Turkish fighter jet |work= Reuters |date= 27 January 2017 |access-date= 26 June 2017 |archive-url= https://web.archive.org/web/20170512154414/http://uk.reuters.com/article/uk-britain-eu-turkey-bae-idUKKBN15C0IM |archive-date= 12 May 2017 |url-status= dead}}</ref> On 10 October 2017, BAE announced that it would lay off nearly 2,000 out of its approximately 35,000 employees in Britain, mainly due to an order shortage for the Typhoon fighter.<ref name="veconomist"/> | ||