Key Developments: BAE Systems PLC (BAES.L)

BAES.L on London Stock Exchange

462.70GBp
19 Dec 2014
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0.70p (+0.15%)
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Latest Key Developments (Source: Significant Developments)

BAE Systems announces acquisition of Eclipse Electronic Systems
Friday, 12 Dec 2014 02:00am EST 

BAE Systems Plc:Enters into an agreement with Esterline Corporation for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc.For cash consideration of about $28 mln.Proposed acquisition is conditional upon receiving certain regulatory approvals.Anticipates the proposed acquisition will be completed during the first quarter of 2015.  Full Article

BAE Systems plc announces SilverSky acquisition
Tuesday, 21 Oct 2014 02:39am EDT 

BAE Systems plc:Says that it has entered into a definitive agreement to acquire Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider, for $232.5 million (about 144.4 million pounds) on a cash free and debt free basis.The transaction is expected to close before the end of 2014.  Full Article

BAE Systems plc announces issue of bonds
Wednesday, 1 Oct 2014 02:00am EDT 

BAE Systems plc:Says private placement of guaranteed notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act.Notes will be issued by BAE Systems Holdings Inc. and guaranteed by BAE Systems plc.Notes to be issued consist of $800 mln aggregate principal amount of notes paying 3.800 pct interest and maturing on Oct. 7, 2024 and $300 mln aggregate principal amount of Notes paying 4.750 pct interest and maturing on Oct. 7, 2044.Net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness.Offering is expected to close on or about Oct. 7, 2014.  Full Article

BAE Systems completes acquisition of Signal Innovations Group
Tuesday, 30 Sep 2014 04:19pm EDT 

BAE Systems Plc:Completed its acquisition of Signal Innovations Group, Inc. (SIG), a provider of imaging technologies and analytics to the U.S. intelligence and defense communities.  Full Article

BAE Systems Plc proposed sale of its holding in BAE Systems Land Systems South Africa
Monday, 11 Aug 2014 07:47am EDT 

BAE Systems Plc:Proposes sale of its holding in BAE Systems Land Systems South Africa Proprietary Limited (LSSA) to Denel (SOC) Limited.Transaction, for total cash consideration of about 855 mln Rand, subject to closing adjustments, includes the sale by BAE Systems of its 75 pct interest in the LSSA business, as well as sale by DGD Technologies (2001) Proprietary Limited of its 25 pct stake in business.  Full Article

BAE Systems Plc announces proposed acquisition of Signal Innovations Group
Thursday, 31 Jul 2014 02:02am EDT 

BAE Systems Plc:Entered into an agreement for proposed bolt-on acquisition of Signal Innovations Group, Inc. (SIG), provider of imaging technologies and analytics to intelligence and defence communities.  Full Article

BAE Systems plc to provide U.S. Army troops with latest aircraft survivability equipment
Wednesday, 23 Jul 2014 10:00am EDT 

BAE Systems plc:Says, U.S. Army has awarded BAE Systems series of contracts, worth about $40 mln, for third-generation (Gen3) configuration of Common Missile Warning System (CMWS).Which provides enhanced capability for aircrews to locate and protect against infrared guided threats.Gen3 configuration includes hostile fire indication to detect and evade small arms fire and new data recording capabilities for detailed post-mission analysis.BAE Systems' Gen3 Common Missile Warning System provides an enhanced capability for aircrews to locate and protect against infrared guided threats.  Full Article

BAE Systems plc Wins 57mm Naval Gun Contract in Mexico
Tuesday, 24 Jun 2014 03:00am EDT 

BAE Systems plc:Says it has been awarded a contract to produce and deliver four 57 Mk3 Naval Guns to the Mexican Navy.Series production begins immediately, with gun deliveries beginning in 2015 and continuing through 2017.Final assembly will take place at BAE Systems' facility in Karlskoga, Sweden.  Full Article

Airbus Defence and Space partners with BAE Systems on radar satellite imagery
Monday, 19 May 2014 08:00pm EDT 

Airbus Group NV:Airbus Defence and Space and BAE Systems have launched strategic alliance to produce, market and sell geospatial intelligence (GEOINT) products and solutions using data collected by TerraSAR-X and TanDEM-X radar satellites.Airbus Defence and Space and BAE Systems will jointly develop a new line of global SAR (synthetic aperture radar) products.Companies will exclusively market these products to United States government, commercial, and select international customers.  Full Article

BAE Systems Plc inks contract with Southwest Airlines to Support World’s Largest Fleet of 737s
Tuesday, 8 Apr 2014 09:00am EDT 

BAE Systems Plc:Southwest Airlines has selected BAE Systems as its exclusive provider of maintenance, repair, and overhaul (MRO) services for full authority digital engine controls (FADEC) on more than 450 737 Next Generation aircraft.Under five-year agreement, BAE Systems will provide proactive repairs that will improve the availability and reliability of Southwest’s fleet.  Full Article

Britain awards BAE Systems $423 million torpedo upgrade contract

LONDON - Britain has awarded defense company BAE Systems a 270 million pound ($422.7 million) contract to upgrade the Spearfish Heavyweight Torpedo used by the country's submarines, re-engineering the weapon system to cut running costs.

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