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Latest Federal & Government Contracting Companies' News Coverage
Ian King, former CEO of British defense contractor BAE Systems, will join Senior Plc in 2018 as chairman of the U.K.-based engineering firm focused on automotive and aerospace markets, Reuters reported Monday. King will succeed the retiring Charles Berry in April as the company prepares for an expected rise in demand at its aerospace, energy and trucks […] More
BAE Systems CEO Charles Woodburn has said the company will continue to stick to its strategy that works to build up strengths and focuses on “evolution,†Reuters reported Wednesday. “It’s very much a case of evolution not revolution,†Woodburn told reporters Wednesday. “It’s a good strategy bolstered by the macro environment we now operate in.” His […] More
Ian King, former CEO of British defense contractor BAE Systems, has joined Gleacher Shacklock as a senior adviser to help build up the investment banking firm’s presence in the aerospace and defense sectors. He has more than 40 years of industry experience that includes leadership of BAE for the past nine years, Gleacher Shacklock said Tuesday. “I have […] More
BAE Systems and Turkish Aerospace Industries have inked a “Heads of Agreement” deal to collaborate on the first phase of a fighter jet development program for Turkey’s air force ahead of a potential $125 million contract. BAE said Saturday the deal follows a pre-contract study phase where the company worked with TAI on the TF-X fighter aircraft. “The […] More
BAE Systems CEO Ian King believes that the U.S. defense industry is making a recovery in 2015 and forecasts a shift in government defense spending toward stability then a “modest” increase in the coming years, Reuters reported Thursday. Sarah Young writes the company sees a return to earnings growth this year due to a potential increase in demand for aircraft and […] More
Kevin Taylor, formerly group strategy director of BAE Systems‘ applied intelligence business, has been named managing director of that business unit. He will report directly to CEO Ian King and continue as member of the group’s executive committee, BAE said Wednesday. Taylor most recently oversaw the applied intelligence group’s growth strategy and order backlog for the last two years. The […] More
BAE Systems announced plans to bring together shareholdings of BAE Systems group and Riyadh Wings for Saudi companies specializing in training, electronics and IT systems engineering under a single holding company, OMC. Riyadh Wings will acquire a 49% stake in the holding company with BAE Systems continuing to hold a majority stake, BAE Systems said […] More
BAE Systems plc CEO Ian King has expressed optimism that the U.S. government’s forthcoming defense budget could spell greater stability for the company and the industry over the next few years, the Wall Street Journal reported Wednesday. “In the U.S., the announced defense budget, while not yet finally agreed in detail, indicates spending reductions much as we had […] More
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