BAE Systems

A fire broke out at BAE Systems' shipyard in Barrow-in-Furness, located in north-west England, which is responsible for constructing the new generation of British nuclear submarines. Authorities have confirmed that there is no nuclear risk associated with the incident, as reported by Reuters.

US military assistance to Greece, part of the so-called Blinken package, has hit a roadblock, as reported on Monday, with the Hellenic Armed Forces refusing to accept most of the offered weapon systems from US stockpiles due to high refurbishment costs.

Japan is expected to discuss cooperating on technology with the AUKUS defense grouping at a summit in Washington next month, according to comments from a high-ranking U.S. diplomat published in Japanese media on Friday.

Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

Turkey has requested permission from the US to co-produce GE Aerospace engines used in F-16 jets, with an aim to deploy them in the TAI Kaan, its own domestically produced fighter plane, Bloomberg has reported.

British military equipment maker BAE Systems announced yesterday that it had agreed to buy U.S. company Ball Aerospace from the Ball Corporation for about $5.55 billion.

BAE said it hoped to complete the acquisition of the aerospace firm in the first half of 2024, with an anticipated tax credit taking the "underlying economic consideration for the business" to $4.8 billion.

British military equipment maker BAE Systems yesterday announced a 57 percent jump in net profits for the first half of this year as government defense spending increases amid the war in Ukraine.

Profit after tax increased to 965 million pounds ($1.2 billion) in the six months to the end of June compared with 615 million pounds in the first half of last year, BAE said in a statement.

The co-partner of Turkey's global Nusr-et chain of grill houses, Nusret Gökçe, globally known as "Salt Bae" for his meat-cutting and salt-drizzling skills, is accused of taking a cut of employees' tips at his restaurant in New York.

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A new Nusr-Et steak house in Istanbul, which has hit worldwide fame thanks to its eccentric founder known as "Salt Bae," has been fined by Turkish authorities for its advertisement that was recently slammed as an "insult to history."