Global aerospace and defence firms with bases in Filton have posted mixed financial results over the past fortnight. BAE Systems reported a 6.4% drop in earnings before interest and tax to £1.895 billion, which was lower than market predictions. The company, which was recently planning to merge with Airbus parent firm EADS, said defence cuts in Europe and the US had
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Generous employees at BAE Systems (Filton) have raised £2,100 towards the activities of the Avon and Severnside Branch of the Soldiers’, Sailors’ and Airmens’ Families Association (SSAFA) Forces Help. The money was raised through several fundraising events under the charity challenge partnership whereby employees’ efforts are matched by their company’s contribution to their chosen charity. Charity donations came from all
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EADS, parent company of Airbus, and BAE Systems – both companies with major bases in Filton – have announced that they are in talks over a possible merger. The news was revealed in a statement to the Stock Exchange on Wednesday (12th September) following a sudden 8% rise in the price of BAE Systems’ shares. Airbus employs around 4,000 people
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Air traffic control equipment currently in use at Filton Airfield has been put up for sale on an asset disposal website. BAE Systems, owners of the historic airfield, announced in April 2011 that they intended to close it at the end of 2012. The move forced South Gloucestershire Council to rethink its Core Strategy, a planning document that sets out
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