BAE Systems PLC (BAES.L) Key Developments | Reuters.com
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BAE Systems PLC (BAES.L)

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Latest Key Developments (Source: Significant Developments)

BAE Systems plc - Australian tax office names in multinational avoidance row - Reuters
Wednesday, 16 Dec 2015 12:25pm EST 

BAE Systems plc:Australian tax authorities on Thursday took the unprecedented step of publishing the records of hundreds of companies, which show they paid little or no tax on their in-country earnings - RTRS.Of more than 1,500 largely foreign-owned companies which reported total earnings over A$100 mln ($72.11 mln) in the 2014 financial year, more than a third paid no tax, the Australian Taxation Office data showed. - RTRS.Australia has led efforts at the Group of 20 rich nations to close tax loopholes, but the ATO's move appears to have caught ministers off-guard - RTRS."Just because they don't pay tax doesn't mean that they are avoiding tax," Assistant Treasurer Kelly O'Dwyer told reporters, adding the government had strengthened the ATO's powers to ensure corporations paid their dues. - RTRS.Commissioner of Taxation Chris Jordan criticised certain foreign-owned companies for being "overly aggressive in the way they structure their operations". - RTRS."We will continue to challenge the more aggressive arrangements to show that we are resolute about ensuring companies are not unreasonably playing on the edge. - RTRS.The ATO has the powers to release such sensitive corporate information but has never done so until now.Among the offshore firms that paid no tax on their Australian earnings were Halliburton Co, Hilton Worldwide Holdings Inc, Boeing Co , BAE Systems Plc, SABMiller Plc SAB.L, Honda Motor and Ford Motor Co - RTRS.  Full Article

BAE Systems plc announces issue of bonds
Friday, 4 Dec 2015 02:00am EST 

BAE Systems plc:Says private placement of guaranteed notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act.Says notes will be issued by BAE Systems Holdings Inc. and guaranteed by BAE Systems plc.Says notes to be issued consist of $500 million aggregate principal amount of Notes paying 2.850% interest and maturing on Dec. 15, 2020, $750 million aggregate principal amount of Notes paying 3.850% interest and maturing on Dec. 15, 2025.And $250 million aggregate principal amount of Notes paying 4.750% interest and maturing on Oct. 7, 2044.Says net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness.Says offering is expected to close on or about Dec. 10, 2015.  Full Article

BAE Systems Plc receives $245.3 million U.S. Army contract to continue m109a7 production
Monday, 2 Nov 2015 10:27am EST 

BAE Systems Plc:Receives $245.3 million U.S. Army contract to continue m109a7 production.  Full Article

BAE Systems plc Delivers ARCHER Artillery System to Sweden
Monday, 28 Sep 2015 08:00am EDT 

BAE Systems plc:Delivered the first production series ARCHER artillery system to the Swedish Defence Materiel Administration (FMV) during a ceremony at the company's Karlskoga facility.  Full Article

BAE Systems Plc has declared interim dividend
Thursday, 30 Jul 2015 02:01am EDT 

BAE Systems Plc:Has declared 2 pct increase in interim dividend to 8.4 pence for H1 2015.Dividend will be paid on Nov. 30 to shareholders registered on Oct. 23.Ex-dividend date is Oct. 22.  Full Article

BAE Systems gets $110 mln to continue M88 Recovery System Upgrades
Monday, 6 Jul 2015 08:58am EDT 

BAE Systems Plc:Says U.S. Army has awarded BAE Systems a contract worth $110.4 million to convert 36 M88A1 recovery vehicles to the M88A2 Heavy Equipment Recovery Combat Utility Lift Evacuation Systems (HERCULES) configuration.  Full Article

BAE Systems Plc completes disposal
Tuesday, 28 Apr 2015 07:01am EDT 

BAE Systems Plc:Completes sale of its 75 pct holding in BAE Systems Land Systems South Africa Proprietary Ltd to Denel (SOC) Ltd.Disposal for cash consideration of about 641 mln Rand (36 mln Pounds), subject to closing adjustments.  Full Article

Thales wins French-UK mine countermeasures contract in collaboration with BAE Systems
Thursday, 26 Mar 2015 08:00pm EDT 

Thales SA:Thales wins French-UK mine countermeasures contract.OCCAr has awarded maritime mine counter measures (MMCM) contract to Thales, in collaboration with BAE Systems and their partners in France and in UK.  Full Article

BAE Systems PLC recommends final dividend
Wednesday, 18 Mar 2015 08:46am EDT 

BAE Systems PLC:Recommends a final dividend of 12.3p per share making a total of 20.5p per share for the year, an increase of 2 pct over 2013.Dividend will be paid on June 1, 2015 to holders of ordinary shares registered on April 17, 2015.  Full Article

BAE Systems to provide complete flight control electronics suite for Boeing 777X Aircraft
Tuesday, 24 Feb 2015 10:23am EST 

BAE Systems plc:Says the Boeing Co has selected BAE Systems to provide the Remote Electronic Units (REU) for both variants of the 777X aircraft.BAE Systems will support the 777X technology advancements by developing and producing the REUs for localized control of the wing surface actuators such as ailerons, flaperons, elevator, rudder, stabilizer, high lift, and new wingtips.  Full Article

BRIEF-BAE Systems awarded $75 mln U.S. Army contract

* Awarded $75 million U.S. Army contract to develop next-generation geospatial intelligence capabilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)