DefenceTalkBritish military equipment maker BAE Systems on Thursday said annual net profit jumped over a third following asset disposals, while its shares were a rare riser after Russia attacked Ukraine. Net profit jumped 35 percent to pound1.76 billion ($2.36 billion) last year, compared with 2020, BAE said in an earnings statement. BAE profited also from […]https://www.defencetalk.com/defence-giant-bae-systems-grows-profits-shares-rise-78058/

British military equipment maker BAE Systems said Thursday that its annual net profit shot higher on rising military budgets around the world. Profit after tax rallied almost 50 percent to about £1.5 billion ($1.3 billion, 1.2 billion euros) in 2019 compared with a year earlier, BAE said in a results statement. Revenues jumped nine percent […]

DefenceTalkBritain’s defence forces should spend more of their budget on spy planes, drones and covert forces to fight extremist militants, Prime Minister David Cameron said on Monday. The government last week announced it would meet the minimum defence spending target set by NATO of two percent of gross domestic product for the full five years […]https://www.defencetalk.com/british-military-should-focus-on-drones-spy-tech-cameron-64892/

DefenceTalkThe last 1 Regiment Army Air Corps Lynx helicopter has left Gütersloh in Germany, marking the end of British military flying in the country. The last flight brought an end to a long association with Germany stretching back to 1975 when the regiment first formed up in Lower Saxony. During their time at Gütersloh elements […]https://www.defencetalk.com/end-of-british-military-flying-in-germany-49384/