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BAE Systems PLC (BAESY.PK)

BAESY.PK on OTC Markets Group

27.10USD
19 Feb 2019
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Latest Key Developments (Source: Significant Developments)

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-German halt in Saudi arms sales hurting UK industry - Hunt

BERLIN, Feb 19 Britain has urged Germany to exempt big defence projects from its efforts to halt arms sales to Saudi Arabia or face damage to its commercial credibility, the German magazine Der Spiegel reported on Tuesday.