The Navy is taking over management control and reducing Lockheed Martin’s role in the sea service’s largest missile-launching system as part of an effort to cut costs. Instead of paying Lockheed to acquire and integrate the components of the Mark 41 Vertical Launching System, as it has since the 1980s, the Navy is buying the mechanical launch platform directly from London-based BAE Systems, formerly a Lockheed subcontractor. Read full article > >

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Navy trims Lockheed role in largest missile launcher system

BAE Systems confirms that it is cutting almost 3,000 jobs at sites across the country, mainly in its military aircraft division.

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BAE confirms loss of 3,000 posts

Union leaders want “urgent talks” with UK defence company BAE Systems following reports it is planning to cut 3,000 jobs.

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Union seeks BAE ‘job cuts’ talks

Cisco Systems rejects a Falun Gong lawsuit that alleges it helps the Chinese government repress the spiritual group via the Golden Shield project.

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Cisco rejects Falun Gong lawsuit

Cisco Systems is shutting down its Flip video camera business as it overhauls its consumer products unit.

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Cisco to shut down Flip cameras

Japanese authorities declared a state of emergency Saturday for five nuclear reactors at two quake-stricken power plants as military and utility officials scrambled to tame rising pressure and radioactivity levels inside the units and stabilize the systems used to cool the plants’ hot reactor cores.

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Japanese nuclear reactors in peril, radiation surges after earthquake, tsunami

UK defence group BAE Systems reports a rise in profits in 2010, but sales growth was sluggish after government spending cuts.

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BAE growth flat amid defence cuts

Hackers have repeatedly breached the systems of the company that runs the Nasdaq, according to several law enforcement officials.

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Hackers Gained Access to Nasdaq Systems, but Not Trades

BAE Systems is fined £500,000 for failing to keep proper records of payments to an adviser on a Tanzania radar deal.

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BAE fined over Tanzania payments

No one knows exactly why 15-year-old Johnny “Bo” Rupp ended up wandering in and out of traffic on a poorly lit road half a mile from his Centreville home Saturday night. What neighbors and friends know, if vaguely, is what led up to that moment: a concert at Jiffy Lube Live, drinking, an encounter… Fairfax – Organizations – Fairfax Media – Sydney Morning Herald – Operating Systems

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In Fairfax, anguish over death of teen, and driver who hit him

BAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.

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Defence firm BAE cuts 1,000 jobs