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BAE Systems PLC (BAES.L)

BAES.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BAE Systems Secures Additional MK110 Naval Guns Contract For U.S. Navy LCS
Monday, 9 Apr 2018 09:00am EDT 

April 9 (Reuters) - BAE Systems::PRESS RELEASE BAE SYSTEMS WINS ADDITIONAL MK110 NAVAL GUNS CONTRACT FOR U.S. NAVY LCS.TO PROVIDE 2 MORE MK110 NAVAL GUN SYSTEMS FOR INDEPENDENCE VARIANT OF U.S. NAVY'S LITTORAL COMBAT SHIP UNDER CONTRACT FROM GENERAL DYNAMICS.  Full Article

Saudi Arabia Expected To Confirm It Will Sign A Defence Deal To Buy 48 Typhoon Fighter Jets From The UK - Sky News
Friday, 9 Mar 2018 09:06am EST 

March 9 (Reuters) - :SAUDI ARABIA IS EXPECTED TO CONFIRM IT WILL SIGN A DEFENCE DEAL TO BUY 48 TYPHOON FIGHTER JETS FROM THE UK - SKY NEWS.  Full Article

Lockheed Martin Wins Contract From BAE Systems
Thursday, 1 Mar 2018 10:06am EST 

March 1 (Reuters) - Lockheed Martin Corp ::BAE SYSTEMS AWARDS CONTRACT TO LOCKHEED MARTIN TO SUPPLY VERTICAL LAUNCHING SYSTEM FOR ROYAL NAVY'S TYPE 26.SAYS ‍BAE SYSTEMS' INITIAL ORDER INCLUDES NINE MK 41 VLS MODULES​.  Full Article

Rolls-Royce Signs Two Contracts With BAE Systems
Wednesday, 21 Feb 2018 09:13am EST 

Feb 21 (Reuters) - ROLLS-ROYCE HOLDINGS PLC ::SIGNED 2 CONTRACTS WITH BAE SYSTEMS TO SUPPLY LOW-NOISE PROPELLERS AND MISSION BAY HANDLING TECHNOLOGIES FOR NEW TYPE 26 GLOBAL COMBAT SHIP‍​.CONTRACTS COVER THE FIRST THREE SHIPS - THE FIRST OF WHICH IS CURRENTLY UNDER CONSTRUCTION AT THE BAE SYSTEMS SHIPYARD IN GLASGOW.DELIVERING THE MAJORITY OF THE PROPULSION SYSTEM FOR THE TYPE 26.  Full Article

Bae Systems Receives U.S. Army Contract To Begin M109a7 Full-Rate Production
Friday, 22 Dec 2017 01:58pm EST 

Dec 22 (Reuters) - Bae Systems PLC ::BAE SYSTEMS RECEIVES U.S. ARMY CONTRACT TO BEGIN M109A7 FULL-RATE PRODUCTION.BAE SYSTEMS-OPTIONS ARE ALSO INCLUDED THAT WOULD BEGIN FULL-RATE PRODUCTION PHASE, IF EXERCISED, WOULD BRING TOTAL VALUE OF AWARD TO ABOUT $1.7 BILLION.  Full Article

BAE Systems Says Qatar Agrees Contract For Typhoon Aircraft
Monday, 11 Dec 2017 02:16am EST 

Dec 11 (Reuters) - BAE Systems Plc ::QATAR AGREES CONTRACT FOR TYPHOON AIRCRAFT.QATAR AGREES CONTRACT FOR TYPHOON AIRCRAFT.‍BAE SYSTEMS AND GOVERNMENT OF STATE OF QATAR HAVE ENTERED INTO A CONTRACT, VALUED AT APPROXIMATELY £5BN​.‍DEAL FOR SUPPLY OF TYPHOON AIRCRAFT TO QATAR EMIRI AIR FORCE ALONG WITH A BESPOKE SUPPORT AND TRAINING PACKAGE​.‍CONTRACT IS SUBJECT TO FINANCING CONDITIONS AND RECEIPT BY CO OF FIRST PAYMENT, WHICH ARE EXPECTED TO BE FULFILLED NO LATER THAN MID-2018​.‍CONTRACT PROVIDES FOR 24 TYPHOON AIRCRAFT WITH DELIVERY EXPECTED TO COMMENCE IN LATE 2022​.  Full Article

BAE Systems completes revised UK pension funding arrangements
Wednesday, 29 Nov 2017 02:40pm EST 

Nov 29 (Reuters) - Bae Systems Plc ::BAE SYSTEMS COMPLETES REVISED UK PENSION FUNDING ARRANGEMENTS.BAE SYSTEMS SAYS AT 31 MARCH 2017 FUNDING VALUATION DATE, AGGREGATE OF DEFICITS ACROSS UK SCHEMES WAS 2.1 BILLION POUNDS.BAE SYSTEMS SAYS THE CURRENT ANNUAL DEFICIT RECOVERY PAYMENTS OF C£205 MILLION WILL INCREASE BY £15 MILLION TO C£220 MILLION IN 2018.BAE SYSTEMS SAYS DEFICIT CONTRIBUTIONS WILL FURTHER INCREASE IN LINE WITH ANY PERCENTAGE GROWTH IN DIVIDEND PAYMENTS MADE BY THE BAE SYSTEMS GROUP.BAE SYSTEMS SAYS UNDER THE NEW DEFICIT RECOVERY PLANS, THESE ANNUAL PAYMENTS WOULD SUBSEQUENTLY FALL BY C£50 MILLION IN 2022 AND END IN 2026.  Full Article

BAE Systems hikes Finance Director ‍peter Lynas base salary by 6.9 pct
Wednesday, 1 Nov 2017 07:03am EDT 

Nov 1 (Reuters) - Bae Systems Plc :BAE SYSTEMS PLC - ‍PETER LYNAS BASE SALARY WILL INCREASE BY 6.9 PCT TO 626,000 POUNDS PER ANNUM, WITH IMMEDIATE EFFECT​.  Full Article

Ultra Electronics wins 37 mln stg electric propulsion contract
Monday, 25 Sep 2017 07:05am EDT 

Sept 25 (Reuters) - Ultra Electronics Holdings Plc ::ULTRA ELECTRONICS - CONTRACT WIN.AWARDED £37M ELECTRIC PROPULSION SYSTEM CONTRACT.CONTRACT FOR FINAL DEVELOPMENT AND PRODUCTION OF A HYBRID ELECTRIC PROPULSION SYSTEM.CONTRACT IS SECOND OF THREE MAJOR CONTRACTS EXPECTED BY GROUP IN SECOND HALF OF YEAR​.  Full Article

BAE to provide warfare suite for a U.S. special operations command
Wednesday, 12 Jul 2017 09:00am EDT 

July 12 (Reuters) - BAE Systems Plc ::BAE Systems chosen to provide electronic warfare suite for U.S. Special operations command C-130s.‍Company received a $67 million contract modification to a competitively awarded contract​.‍Contract's total value, including all options, is expected to exceed $300 million​.  Full Article

Italy - Factors to watch on June 20

The following factors could affect Italian markets on Wednesday.