BAE Systems

Ticker BA.

Today's data summary

Market closed
% change
-2.72%
Price Pence
457.20
Change
-12.80
As of 04:11 26 Mar 2019
Market cap. Pound sterling
14,614.83 million
As of 04:11 26 Mar 2019

Latest updates

It's a wrap: Final part of final Astute sub goes in

For those who don't know, submarines at the BAE yard in Barrow are built in slices and the slices are then carried through the streets on special transporters to be put together, like a Swiss roll in reverse, in the huge Devonshire Dock Hall.

Wrapped submarine slice on back of transporter
BAE Systems

And this, three storeys high and wrapped in protective material, is the final part of the seventh and last boat in the Astute class of nuclear-powered submarines, to be called Agincourt, being taken to assembly.

There is a fair amount of work to do yet before this vessel goes into service. HMS Agincourt, as she will become, will head out to sea in the 2020s.

Women shipyard engineers head East to inspire

Three female engineers at the Barrow shipyard are hoping to inspire Girl Guides in the far east that engineering isn't just a career for boys.

Sophie Dent, Lauren Eastburn and Beth Howarth-Henry
BAE

The three, Sophie Dent, Lauren Eastburn and Beth Howarth-Henry, (pictured left to right) travel to Singapore tomorrow to launch She Solves - a series of activities around technology and computing.

The engineers want to pass on their enthusiasm and change perceptions about the industry.

Third Dreadnought sub will be called Warspite

Defence Secretary Gavin Williamson has said the third Dreadnought submarine will be called Warspite, a name used by eight previous warships including one built in the reign of Queen Elizabeth I.

Dreadnought artists impression
BAE Systems

Mr Williamson was visiting a Rolls-Royce plant in Derbyshire which provides various support and materials for the nuclear power plants on board the current fleets of Trafalgar, Vanguard and Astute submarines.

Warspite, which is still on the drawing board, will be the third of the class, joining Dreadnought and Valiant which will be the first new boats to carry Britain's nuclear missiles.

Saudi trouble?

BAE systems picture
BAE Systems

BAE Systems is due to report this morning.

Ritu Vohora, investment director at M&G, told BBC Radio 4's Today Programme that the market would be looking for updates on its business in Saudi Arabia.

"It's had torrid time, it had a really tough fourth quarter... Saudi Arabia is around 25% of [the company's] profits".

Barrow boxer Liam Conroy takes aim at British title

A Barrow shipyard designer, Liam Conroy, will fight for the British light heavyweight boxing title next month.

Liam trains in Preston, commuting daily after work to a specialist gym

Liam Conroy with English championship belt
BAE

The 26-year-old, who has just become a father, has boxed since he was nine years old, and turned professional at 19.

His opponent will be Joshua Buatsi, who won bronze at the Rio Olympics, and has not been beaten.

The fight is at the Coppper Box in London on 23 March.

As Paris follows family into yard, BAE offers 230 chances

Paris-Ayo Corkill from Barrow is now six months into following two generations of her family as an apprentice at the Barrow shipyard.

Paris Ayo, father Kevin on Left, Grandfather Chris on right
BAE Systems

Paris was planning to study law at university, but is now working towards a degree in project management at the yard, joining her father and two uncles, and following her grandfather who worked there for 43 years.

BAE is expecting applications in for 230 apprenticeships by the end of this month, with them starting work in September.

BAE flogs tank division to German rival

Challenger Tank
Ben Burchill

Defence giant BAE Systems has sold a majority stake in its Land UK tank and combat vehicle division to German rival Rheinmetall for £28.6m.

The joint venture gives Rheinmetall a 55% stake, with BAE owning the rest, and will be based at the UK firm's factory in Telford, Shropshire.

Called Rheinmetall BAE Systems Land, the venture will produce the British Army's new infantry vehicles.

BAE's Land UK unit is upgrading and maintaining the Challenger 2 tank.