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Defence firms sales go up after announcing hundreds of job losses

Defence firms sales go up after announcing hundreds of job losses

9:52am Thursday 20th February 2014 in News By James Franklin, Political reporter

DEFENCE giant BAE Systems has announced an increase in sales, months after announcing the loss of hundreds of Hampshire jobs.

In its financial results for 2013, the firm’s sales increased by two per cent to 18.2billion while share prices also increased by nine per cent.

Last year the company announced it was axing 940 jobs at its ship building yard in Portsmouth, with about a third of those staff members living in Southampton.

Shipbuilding in Hampshire will come to an end in the second half of this year after 800 years, after BAE reviewed its contract to build warships.

A small engineering team will remain in Hampshire to support the new Type 26 warships, which will be built in Glasgow.

In its results for the past year, BAE has announced a sales increase, and an increase of earnings before payments, tax and interest are deducted of three per cent, to 1.9billion.

Earnings per share increased by nine per cent to 42p, with 850million returned to shareholders over the course of 2013.

Over the course of the last year, the firm has also handed over military vessels to the Omani and Brazilian navies as well as renegotiating the Queen Elizabeth Class aircraft carrier contract with the Ministry of Defence.

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Defence firms sales go up after announcing hundreds of job losses

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Cardiff University – Course Finder – Law (LLB)

Cardiff Law School is committed to providing an outstanding teaching and learning experience that is underpinned by excellent research activity. A well resourced centre of excellence, we attract students from all over the world and offer a friendly, supportive and culturally diverse environment in which to study.

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Cardiff University – Course Finder – Law (LLB)

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Crash Course World History Parody- French Gay marriage – Video



Crash Course World History Parody- French Gay marriage
A parody of Crash Course Videos for an AP World History project on current global(“not US”) issue; in this case, French Gay marriage laws. I do not claim any…

By: jone71596

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Crash Course World History Parody- French Gay marriage – Video

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Art of Protest – Occupy London 2011-12 – Video


Art of Protest – Occupy London 2011-12 This is a series of photographs taken during the Occupy LSX protests in St. Paul's, London over the course of one year. The focus of this series is the artwo..

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Art of Protest – Occupy London 2011-12 – Video

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Bethlehem Marathon 2013: runners dedicate West Bank race to victims of Boston bombings – Video



Bethlehem Marathon 2013: runners dedicate West Bank race to victims of Boston bombings
Around 1000 runners took part in the West Bank's first marathon on Sunday, with the course looping around Bethlehem four times; the city where Christians be…

By: JewishNewsOne

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Bethlehem Marathon 2013: runners dedicate West Bank race to victims of Boston bombings – Video

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All Car Breakdowns Should Be This Awesome

FACT: the car actually broke down 7 times over the course of this shoot. Source: youtube.com ?/? via: youtube.com

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All Car Breakdowns Should Be This Awesome

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Occupy Detroit cold and wet, but upbeat

The past week’s weather hasn’t always been conducive to their cause, with rainy days and cold temperatures, but members of the Occupy Detroit movement say they’re undeterred and will stay the course at their encampment in Grand Circus Park downtown.

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Occupy Detroit cold and wet, but upbeat

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