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BAE Systems PLC (BAES.L)

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Latest Key Developments (Source: Significant Developments)

National Geospatial-Intelligence Agency Selects BAE Systems For 3 Contract Awards
Wednesday, 19 Sep 2018 11:10am EDT 

Sept 19 (Reuters) - BAE Systems PLC ::BAE SYSTEMS PLC - NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY SELECTED CO FOR THREE CONTRACT AWARDS.  Full Article

Serco, BAE Systems Secures UK MoD Support Contract
Tuesday, 11 Sep 2018 01:11pm EDT 

Sept 11 (Reuters) - Serco Group Plc::BAE SYSTEMS, SERCO COLLABORATE TO WIN 42 MILLION STG UK MINISTRY OF DEFENCE SUPPORT CONTRACT FOR BAE 146 FLEET.  Full Article

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

BAE Systems finalises deal to sell Typhoon jets to Qatar

LONDON, Sept 18 British defence contractor BAE Systems said that a 5 billion pound ($6.6 billion) contract to sell 24 Typhoon fighter jets to Qatar became effective on Tuesday after conditions were met, giving it its first payment from the deal.