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BAE Systems PLC (BAES.L)

BAES.L on London Stock Exchange

563.00GBp
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

UK's CMA advises Bae Systems should be released from Marconi Electronic merger undertakings
Thursday, 22 Jun 2017 06:10am EDT 

June 22 (Reuters) - Competition and Markets Authority :UK's CMA- advise the secretary of state that BAES should be released from the undertakings following its merger with marconi electronic systems in 1999.UK's CMA- "our advice is that the undertakings are no longer needed and so BAES should be released from them".  Full Article

BAE Systems says COO Woodburn to step up as CEO after Ian King retires
Wednesday, 22 Feb 2017 04:09am EST 

BAE Systems Plc : Ian King, chief executive, BAE Systems Plc, has today informed board that he will retire on June 30, 2017 . Board has also today confirmed that Charles Woodburn, currently chief operating officer, will be appointed as CEO from July 1, 2017 .Until that time, Ian and Charles will continue in their current roles.  Full Article

BAE Systems wins $368 mln U.S. Navy contract
Wednesday, 14 Dec 2016 10:13am EST 

BAE Systems Plc :U.S. Navy awards BAE Systems $368 mln contract to support weapons systems on submarines.  Full Article

UK's CMA to review undertakings given BAE Systems 1999 deal
Friday, 29 Jul 2016 10:21am EDT 

UK's CMA : To review undertakings given by British Aerospace Plc, now BAE Systems Plc, arising from acquisition of General Electric Co unit in Nov 1999 .Undertakings given by BAE Systems have been subject to three reviews to date.  Full Article

BAE Systems wins $245 mln defence supply contract
Thursday, 28 Jul 2016 03:00am EDT 

BAE Systems : Awarded $245 million contract for UK type 26 gun system . Says MK 45 is in service with US navy and 10 other allied nations . Under contract, company will manufacture three MIFS integrated gunnery systems (IGS) and one trainer system for UK Royal Navy .Contract includes an option for five additional systems for remainder of UK Royal Navy's type 26 fleet.  Full Article

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Qatar goes ahead with $6.7 billion Typhoon combat jets deal with UK's BAE Systems

LONDON BAE Systems and Qatar have entered into a contract valued at around 5 billion pounds ($6.7 billion) for the country to buy 24 Typhoon combat aircraft, the British defense group said on Sunday. | Video