logo
Share SHARE
FONT-SIZE Plus   Neg

BAE Systems, Inc. Elects Michael Chertoff As Chairman Of Board For 3-yr Term

BAE Systems Inc. said former Secretary of Homeland Security and current board member Michael Chertoff was elected as the new Chairman of the BAE Systems, Inc. Board of Directors for a three-year term beginning May 1. He succeeds Anthony Zinni, whose term as Chairman of the BAE Systems, Inc. Board of Directors concludes this month. Zinni will remain as an outside director on the board through April 2014.

BAE Systems, Inc., a U.S. corporation, operates under a Special Security Agreement among the U.S. Government, BAE Systems, Inc. and BAE Systems plc (BA.L).

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Nokia Corp. were gaining around 6 percent in mid-morning trading in Finland after the network equipment maker reported Thursday narrower loss in its first quarter. The company also reiterated its fiscal 2017 outlook for total cost savings. CEO Rajeev Suri said, "Overall, given Nokia's performance in the first quarter, I am optimistic about the year ahead, even if cautiously so." Aerospace and defense major Airbus Group SE reported Thursday higher profit and revenues in its first quarter with growth in all segments, except defence. Adjusted EBIT, a key earnings metric, meanwhile declined from last year. Looking ahead, for fiscal 2017, Airbus continues to expect mid-single-digit percentage growth in adjusted earnings per share and adjusted EBIT. Shares of AstraZeneca Plc were declining in the morning trading in London after the British drug giant reported Thursday weak profit and revenues in its first quarter, as product sales were hurt mainly by the residual impact of the US Crestor patent expiry. Core profit, however, increased with improved cost control. Further, the company confirmed its financial guidance for 2017.
comments powered by Disqus
Follow RTT