Key Developments: BAE Systems PLC (BAESY.PK)

BAESY.PK on OTC Markets Group

11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

BAE Systems Plc launches new tool for secure information sharing
Friday, 21 Mar 2014 10:30am EDT 

BAE Systems Plc:Launch of SIBA tool that redefines and simplifies secure data collaboration and dissemination for both government and commercial customers.SIBA provides innovative solution to secure information sharing for nation's Intelligence Community, as well as banks, law firms, and users of electronic medical records.SIBA solution works seamlessly with Microsoft Office and SharePoint, without modifying those applications.  Full Article

BAE Systems plc gives FY 2014 EPS guidance below analysts' estimates- Conference Call
Thursday, 20 Feb 2014 04:00am EST 

BAE Systems plc:Expects FY 2014 earnings per share (EPS) to be some 5-10 pct lower than in FY 2013.The company reported EPS of 42 pounds in FY 2013.FY 2014 EPS of 41.77 pounds - Thomson Reuters I/B/E/S.  Full Article

BAE Systems plc recommends final dividend of 12.1 pence
Thursday, 20 Feb 2014 02:03am EST 

BAE Systems plc:Recommended a final dividend of 12.1 pence per share making a total of 20.1 pence per share for the year, an increase of three pct over 2012.The dividend will be paid on June 2 to shareholders registered on Apr. 22.The ex-dividend date is Apr. 16.  Full Article

ECA SA signs a settlement agreement with BAE Systems plc and re-starts the KSTER-C commercialization
Wednesday, 11 Dec 2013 02:15pm EST 

ECA SA:Concludes a settlement agreement with BAE Systems plc regarding the dispute over a patent owned by BAE Systems.Says this agreement puts an end to the case which prevented ECA from selling submarine demining robots K-STER C since June 2012.Adds it is agreed that BAE Systems retains only the amount of 3.7 million euros already paid by ECA.Says this settlement makes possible the re-opening of trade negotiations regarding the K-STER C, particularly with BAE Systems and several other customers which were waiting for the end of the dispute.  Full Article

BAE Systems plc To Cut Potentially More Than 1,000 Jobs At Three Uk Shipyards-Reuters
Tuesday, 5 Nov 2013 04:45pm EST 

Reuters reported that according to BBC report, BAE Systems plc is set to announce potentially more than 1,000 job losses across three of its UK shipyards. The broadcaster said many hundreds of jobs will be lost, perhaps over 1,000, with the cuts at the Company's Govan and Scotstoun shipyards in Glasgow and at Portsmouth resulting from completion of work on two new aircraft carriers and a huge increase in the costs of that project.  Full Article

BAE Systems plc To Close Pennsylvania Plant-Reuters
Thursday, 5 Sep 2013 07:58pm EDT 

Reuters reported that BAE Systems plc said U.S. budget cuts were forcing it to close a small facility in Lemont Furnace, Pennsylvania, that has been upgrading and overhauling Bradley fighting vehicles and other ground vehicles for nearly 20 years. The plant, which is located southeast of Pittsburgh and employs 113 workers, will be shut down by the end of 2013, the Company said in a statement. The plant, which is located southeast of Pittsburgh and employs 113 workers, will be shut down by the end of 2013, the Company said in a statement.  Full Article

Pentagon Adds $1.3 BillionTo Potential Value Of Pact With BAE Systems plc And Others-Reuters
Monday, 26 Aug 2013 05:59pm EDT 

Reuters reported that The U.S. Defense Department added $1.3 billion to the potential value of contracts it signed with Lockheed Martin Corp, Boeing Co and five other defense companies in 2004 to pay for engineering services aimed at updating the military's outdated computers and software. In its daily digest of weapons contracts, the Pentagon said the move raised the ceiling on the current contracts to just over $6 billion from $4.7 billion, with the work to be completed by December 2016. The revised contract includes work by Lockheed, Boeing, BAE Systems Plc, General Dynamics Corp, two units of Northrop Grumman Corp , Raytheon Co and Honeywell International Inc.  Full Article

Lockheed, Northrop, BAE investment to push F-35 costs down

RAF FAIRFORD England - Key F-35 contractors Lockheed Martin Corp, Northrop Grumman Corp and BAE Systems Plc on Thursday said they would invest up to $170 million over the next two years to cut the cost of each of the new warplanes to under $80 million each by 2019.

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