Corruption investigators are to press for criminal charges over BAE Systems' arms deals, setting the stage for a showdown in Britain's most politically-charged corporate corruption case.
The first passenger plane equipped with a system to repel shoulder-fired missiles successfully completed its flight, a British defense and aerospace company announced Wednesday.
An American graduate student who went to Iraq to find ways to help ordinary citizens persevere in a transitioning government was one of two American civilians killed in a Sadr City bombing.
In first-ever tests for commercial airplanes carrying passengers, as many as three American Airlines jets will be equipped with a shoulder-fired missile defense system.
Corruption investigators are to press for criminal charges over BAE Systems' arms deals, setting the stage for a showdown in Britain's most politically-charged corporate corruption case.
The first passenger plane equipped with a system to repel shoulder-fired missiles successfully completed its flight, a British defense and aerospace company announced Wednesday.
An American graduate student who went to Iraq to find ways to help ordinary citizens persevere in a transitioning government was one of two American civilians killed in a Sadr City bombing.
In first-ever tests for commercial airplanes carrying passengers, as many as three American Airlines jets will be equipped with a shoulder-fired missile defense system.
Behind the state banquet and smiles from Queen Elizabeth and British Prime Minister Gordon Brown, King Abdullah of Saudi Arabia's visit to London this week caused a wave of dissent.
Prince Bandar was once Saudi Arabia's indispensable man in Washington. Now, Washington wants to know if he's part of an alleged arms-and-bribery scheme
The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc over the defense company's compliance with anti-corruption laws, including its dealings with Saudi Arabia.
UK Attorney General Lord Goldsmith on Friday denied media reports that he ordered investigators to conceal payments from an international anti-bribery watchdog agency.
The former Saudi Arabian ambassador to the United States, Prince Bandar bin Sultan, may have received up to $2 billion in confidential payments from a British defense firm, BAE Systems, over a period of nearly 20 years, according to two British media reports.
BAE Systems ranks no. 320 on FORTUNE's Global 500 this year, with $20.2 billion in revenues, up 21.4% from the previous year. The London, Britain-based company was ranked no. 359 on the 2005 list. Its 2005 profits were $1.0 billion.
EADS, the European defense company and Airbus parent, on Thursday disclosed that its A380 super-jumbo program would be further delayed because of continuing wiring issues, but said it' s too early to gauge the financial impact of the latest setbacks or to set a new delivery schedule for the aircraft.
BAE Systems, Europe's biggest defense company, plans to sell its 20-percent stake in Airbus to European Aeronautic Defence & Space Co, its current partner in the civilian airline group.
Banks and miners led European shares lower on Tuesday as investors worried that higher interest rates would dent business, with the Federal Reserve expected to bump up U.S. borrowing costs.
Britain's Ministry of Defence came under fire on a third front in a week Friday when a report highlighted cost overruns on heavy equipment to the tune of £3.1 billion (US$5.6 billion) in the year to last March.
The Department of Homeland Security announced Tuesday that it has selected three companies to continue research into ways to thwart shoulder-fired missile attacks on U.S. commercial aircraft.
Ultrasmall gyroscopes have already made their way into automobile airbag triggers and washing machines, but the tiny gadgets may soon be used to create more precise GPS devices and robots with a be...
Call it plug-and-play warfare. A network of small electronic devices carried aboard airborne drones and mud-caked Humvees could soon allow U.S. soldiers to create ubiquitous wireless networks from ...
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