MoD paid millions into Saudi account amid BAE corruption scandal

Documents show officials stressing need to ‘keep the Saudis on side’ after revelations about notorious al-Yamamah deal

Britain’s Ministry of Defence moved questionable payments through its own bank account amid one of the biggest corruption scandals in history, despite concerns the money could be pocketed by the Saudi royal family.

Previously confidential documents show how the MoD agreed to make the payments to a Saudi bank account after the transactions came under scrutiny following an investigation by the UK anti-corruption agency, the Serious Fraud Office (SFO).

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BAE Systems in line for potential windfall from Kazakhstan airline flotation

Air Astana, which is 49% owned by the British defence firm, announces plans to float on London stock market

Kazakhstan’s national airline has announced plans to float on the London stock market, bringing a potential windfall to BAE Systems, which has been an investor for more than two decades.

Air Astana, which is 49% owned by the British defence company, hopes to list in London and Kazakhstan and raise $120m (£94m). The airline, which is majority owned by the Kazakh sovereign wealth fund, did not say how much of the company would be floated and is yet to confirm an expected valuation range.

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Oil price leaps and airline shares fall after Hamas attack on Israel

Investors predict more instability in Middle East, as some flights to Tel Aviv are suspended

Oil and gas prices rose on Monday and airline shares fell amid widespread flight cancellations as markets reacted to the surprise attack on Israel by the militant group Hamas.

Investors appeared to be pricing in the prospect of more instability in the Middle East, given the warning from the Israeli prime minister, Benjamin Netanyahu, that his country was embarking on a “long and difficult war”. The death toll has passed 1,100 since fighting started on Saturday and is rising.

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British arms maker BAE Systems sets up in Ukraine

Manufacturer of much of the western equipment used against Russian invasion says it aims to produce artillery

The British defence company BAE Systems is setting up a local entity in Ukraine and has signed deals with its government to help ramp up its supply of weapons and equipment.

BAE said it would work directly with Kyiv to explore potential partners for a plan to ultimately produce 105mm light artillery guns in Ukraine and to better understand Ukraine’s requirements.

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BAE agrees to buy space technology firm Ball Aerospace for $5.6bn

Weapon maker’s takeover of US firm comes amid global surge in spending on military and spying technology

Britain’s biggest weapons manufacturer, BAE Systems, has agreed to buy the US space technology company Ball Aerospace for $5.6bn (£4.4bn), in one of the largest takeovers by a UK company this year.

The FTSE 100 defence company said the purchase of the Colorado-based business would help it to expand in technologies that are US defence priorities.

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Neurodiverse women sought for jobs at GCHQ and BAE Systems

Organisations want to recruit more women with autism, dyslexia and ADHD to work in cybersecurity roles

The British spy agency GCHQ and weapons manufacturer BAE Systems have issued an appeal to attract more neurodiverse women to work for them in cybersecurity jobs.

The employers are actively seeking women with autism spectrum disorder, dyslexia, and attention deficit hyperactivity disorder (ADHD) for cybersecurity roles to address gaps in their workforces.

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BAE Systems in middle of dogfight between Saudis and Biden over oil

As the row between the US president and the Gulf kingdom over increasing oil production escalates, the UK arms industry giant may have to choose which of its two lucrative customers to side with

The UK has long had an awkward relationship with Saudi Arabia, but that unholy alliance now faces a stern test. After Joe Biden reacted angrily to the Opec+ decision to cut oil production, workers at BAE Systems’ fighter jet factory at Warton, on the banks of the Ribble in Lancashire, will have an eye on the fallout from the oil cartel’s decision.

The US president had hoped to persuade the world’s largest oil producer to ramp up production in order to lower oil prices, which have fed into surging inflation and fears over a global recession. Biden had been cultivating relations with Saudi Arabia’s de facto ruler, Mohammed bin Salman, illustrated by a fist bump in Jeddah in July. But despite all that, Prince Mohammed defied Biden, with Opec+ opting for a cut in output, a move that was seen as siding with fellow cartel member Russia, helping prop up its arms revenues.

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Farnborough airshow to focus on cleaner flying and potential fighter jet deal

Manufacturers to emphasise their efforts to reduce environmental impact of planes

Low-emission air travel and a potential deal for Japan to help build the UK’s next-generation Tempest fighter jet are set to take centre stage at the annual Farnborough airshow this week.

Executives from global aerospace manufacturers and airlines will gather at the airport in Hampshire after a four-year gap. The show, which begins on Monday, normally happens every two years but was cancelled in 2020 because of the coronavirus pandemic, as the aviation industry faced potential collapse.

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Britain to resume sale of arms to Saudi Arabia despite Yemen fears

Official review finds airstrikes on civilians were ‘isolated incidents’

Britain is to resume the sales of arms to Saudi Arabia that could be used in the Yemeni conflict just over a year after the court of appeal ruled them unlawful because ministers had not properly assessed the risk to civilian casualties.

In a written statement, the trade secretary, Liz Truss, said sales would restart after an official review concluded there had been only “isolated incidents” of airstrikes in Yemen that breached humanitarian law.

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‘The end of an era’: oil price collapse may force Saudis to rein in arms spending

The world’s fifth largest weapons buyer is eating up its reserves - and its political clout

Saudi Arabia may be forced to forego new weapons contracts and delay already-agreed weapons purchases as a financial crisis grips the kingdom, experts predict.

The expected delay of new weapons deals could have long-term political repercussions for the country under the rule of Mohammed bin Salman, the crown prince and de facto ruler who has waged a bloody war with neighbouring Yemen.

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BAE Systems sold £15bn worth of arms to Saudis during Yemen assault

Campaigners also allege latest export values imply UK arms sales greater than government’s declared figures

Britain’s leading arms manufacturer BAE Systems sold £15bn worth of arms and services to the Saudi military during the last five years, the period covered by Riyadh’s involvement in the deadly bombing campaign in the war in Yemen.

Figures taken from the company’s most recent annual report and newly analysed by the Campaign Against the Arms Trade (CAAT) reveal the British arms maker generated £2.5bn in revenues from the Saudi military during the whole of 2019.

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BAE Systems Announces $45.5 Million Expansion in Huntsville, Alabama, to Accommodate Business Growth

BAE Systems is working with local partners to build a state-of-the-art facility at the Cummings Research Park with 83,000 square feet of engineering development space, manufacturing space, and laboratory space to support the U.S. Department of Defense. )--BAE Systems, the third-largest defense contractor in the world, is expanding its operations in Huntsville, Alabama, with a $45.5 million project that is expected to create hundreds of new jobs over the coming years.

Yo-ho-ho and an autonomous boat: Smart watercraft could help the Navy fight pirates

We've all heard a lot about autonomous cars and there's been plenty written about drones taking to the air, but we've not seen so much discussion about boats, or autonomous watercraft. BAE Systems has been working on autonomous naval technologies, in a project that has sprung up surprisingly quickly.

Judge: US to deliver release supplier papers before election

A federal judge on Wednesday ordered the State Department to speed up the release of documents related to a decision made under former Secretary Hillary Clinton to allow a foreign defense contractor that admitted criminal wrongdoing to continue doing business with the Pentagon. The Associated Press filed a Freedom of Information Act request in 2013 for emails and internal memos involving a U.S. subsidiary of the British aerospace giant BAE Systems.

Policy Roundup

Even though foreign nationals without permanent U.S. residence status and foreign companies are prohibited from contributing to U.S. elections, U.S. subsidiaries of foreign companies are not. Those subsidiaries have spent almost $10 million, according to a DW analysis of data obtained by the Center for Responsive Politics.