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BAE Systems PLC (BAES.L)

BAES.L on London Stock Exchange

454.00GBp
10 Dec 2018
Change (% chg)

4.40 (+0.98%)
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Latest Key Developments (Source: Significant Developments)

Rolls-Royce To Supply MTU Generator Sets For Refurbishment Of Naval Vessels
Monday, 26 Nov 2018 02:34am EST 

Nov 26 (Reuters) - Rolls-Royce Holdings PLC ::ROLLS-ROYCE TO SUPPLY MTU GENERATOR SETS FOR REFURBISHMENT OF UK TYPE 45 NAVAL VESSELS.IT IS TO SUPPLY 18 MTU SERIES 4000 DIESEL GENERATOR SETS TO BAE SYSTEMS AS PART OF THE POWER IMPROVEMENT PROJECT (PIP).  Full Article

U.S. Department Of Defense Selects BAE Systems To Help Develop Mission Technologies
Monday, 1 Oct 2018 10:11am EDT 

Oct 1 (Reuters) - BAE Systems PLC ::BAE SYSTEMS PLC - THE U.S. DEPARTMENT OF DEFENSE SELECTS BAE SYSTEMS TO HELP DEVELOP AND DELIVER NEXT GENERATION MISSION TECHNOLOGIES.  Full Article

Bae Systems' Contract With Qatar For Typhoon, Hawk Aircrafts Becomes Effective
Tuesday, 18 Sep 2018 09:05am EDT 

Sept 18 (Reuters) - BAE Systems PLC ::BAE SYSTEMS PLC - QATAR CONTRACT EFFECTIVE.BAE SYSTEMS - CONTRACT SIGNED IN DEC. 2017 BETWEEN CO, QATAR BECAME EFFECTIVE WITH RECEIPT OF FIRST PAYMENT ON SEPT. 18.  Full Article

Bae Systems Inc Selected By Lockheed Martin To Provide Flight Controls
Wednesday, 18 Jul 2018 08:00am EDT 

July 18 (Reuters) - BAE Systems PLC ::BAE SYSTEMS INC - BAE SYSTEMS SELECTED BY LOCKHEED MARTIN TO PROVIDE FLIGHT CONTROLS TO UPGRADE NEXT-GENERATION F-16 AIRCRAFT FOR UNITED ARAB EMIRATES.BAE SYSTEMS INC - PRODUCTION ORDERS FOR ABOUT 100 UNITS ARE THEN EXPECTED IN 2020 AND 2021, FOR UP TO A TOTAL OF 315 UNITS THROUGH 2028.  Full Article

BAE Systems wins Australian frigate contract
Friday, 29 Jun 2018 02:01am EDT 

June 29 (Reuters) - BAE Systems PLC ::BAE SYSTEMS - AUSTRALIAN GOVERNMENT SELECTED CO AS PREFERRED TENDERER TO DELIVER NINE SHIP FUTURE FRIGATE PROGRAMME FOR ROYAL AUSTRALIAN NAVY.BAE SYSTEMS PLC - PRODUCTION OF FIRST SHIP FOR ROYAL AUSTRALIAN NAVY IS EXPECTED TO START IN EARLY 2020S IN SOUTH AUSTRALIA.BAE SYSTEMS PLC - FINANCING DISCUSSIONS ARE IN PROGRESS FOR QATAR TYPHOON AND HAWK CONTRACT.BAE SYSTEMS PLC - ANTICIPATED FIRST PAYMENT FOR QATAR TYPHOON AND HAWK WOULD BE RECEIVED IN Q3 OF 2018.BAE SYSTEMS - AMENDMENT HAS BEEN MADE TO CONTRACT TO INCLUDE SUPPLY OF NINE HAWK ADVANCED JET TRAINER AIRCRAFT TO QATAR EMIRI AIR FORCE.BAE SYSTEMS PLC - DELIVERY OF FIRST HAWK AIRCRAFT TO QATAR EMIRI AIR FORCE EXPECTED IN 2021.  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

UPDATE 3-Airbus joins forces with Lockheed for U.S. tanker refuelling

* Airbus teamed with Northrop Grumman for last round (Adds Boeing comment)