|Bid||633.20 x 0|
|Ask||633.40 x 0|
|Day's Range||632.20 - 639.20|
|52 Week Range||5.69 - 648.80|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||15.33|
|Earnings Date||Feb. 20, 2020|
|Forward Dividend & Yield||0.19 (2.92%)|
|Ex-Dividend Date||Oct. 17, 2019|
|1y Target Est||652.67|
BAE Systems will provide C5ISR, technical support, and life cycle sustainment to the U.S. Navy to improve situational awareness.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BAE Systems Plc snapped up more than $2 billion in U.S. defense-technology assets that Raytheon Inc. and United Technologies Corp. were forced to sell in order to gain antitrust approval for their merger.Europe’s biggest defense firm will buy the military global positioning system arm of UTC’s Collins Aerospace unit for $1.93 billion, together with Raytheon’s airborne tactical radios operation at a cost of $275 million, it said Monday.The assets came to market following regulatory scrutiny of the Raytheon-UTC merger and the acquisitions are subject to successful closure of that deal, according to a statement from London-based BAE, which said both businesses are focused on areas of highest-priority U.S. defense spending.“It’s rare that two businesses of this quality, with such strong growth prospects and close fit to our portfolio, become available,” BAE Chief Executive Officer Charles Woodburn said in the release, adding that they’ll be folded into the group’s electronics-systems sector.BAE shares rose as much as 3.4% and were trading 2.9% higher at 642.60 pence as of 8:31 a.m. in London. The stock is already up 14% this year following a 23% gain in 2019.The Collins GPS unit is based in Cedar Rapids, Iowa, employs about 675 people and is expected to post adjusted earnings of $127 million on $359m in sales this year, BAE said. The Raytheon radios operation has 100 staff at facilities in Indiana and Florida, with sales of around $125 million last year.To contact the reporter on this story: Christopher Jasper in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Andrew Noël, Tara PatelFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
British defence company BAE Systems is spending $2.2 billion to expand its U.S.-based electronic systems operations, buying two businesses being offloaded as a result of the merger of U.S. rivals Raytheon and United Technologies. BAE said the purchase of a military-focused GPS unit from Collins, part of United Technologies Corp (UTC) , and an airborne tactical radios unit owned by Raytheon were dependent on the closure of the pair's merger.
BAE Systems, Inc. announced agreement for proposed acquisition of Collins Aerospace military GPS and Raytheon Airborne Tactical Radios businesses.
BAE Systems has successfully fired an integrated, long-range anti-tank guided missile from the CV90 Infantry Fighting Vehicle in recent tests.
Today we'll evaluate BAE Systems plc (LON:BA.) to determine whether it could have potential as an investment idea...
BAE Systems’ Norfolk Shipyard will conduct an 18-month extensive modernization program aboard the guided missile cruiser USS Vicksburg (CG 69).
BAE Systems announced the U.S. Navy has signed a $2.68 billion ID/IQ contract for the purchase of thousands of additional APKWS® Laser-Guided Rockets.
The U.S. Army has awarded BAE Systems a $249 million contract modification to complete an additional 60 M109A7 self-propelled howitzers.
The DIA has awarded BAE Systems a ten-year prime contractor position on an IDIQ worth over $17 billion to provide worldwide military intelligence.
BAE Systems, Inc. today announced that Tom Arseneault will become president and chief executive officer of BAE Systems, Inc., effective April 1, 2020.
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
BAE Systems received a DARPA contract to develop new cyber tools to help prevent vulnerabilities in electronic files that can lead to cyberattacks.
BAE Systems is collaborating with Jaunt Air Mobility to explore the development of electric energy management systems for urban air mobility vehicles.
BAE Systems has achieved Amazon Web Services Public Safety & Disaster Response Competency status for its ability to enhance first responder readiness.
BAE Systems received a DARPA contract to develop software that will enable semi-autonomous multi-domain mission planning.
BAE Systems reached a critical milestone today with the certification of its active inceptors for Gulfstream’s G600 and G500 aircraft. The certifications are from the Federal Aviation Administration for the G600 aircraft and European Aviation Safety Agency for the G500 aircraft. The achievement marks the second series of certifications for BAE Systems’ active sticks in civil applications, which were first certified on Gulfstream’s G500 aircraft last year.
BAE Systems has received contracts to deliver $71 million in aircraft survivability equipment to several U.S. allies via U.S. Army Foreign Military Sales. Under the contracts, the Netherlands, Spain, the United Kingdom, and the United Arab Emirates have agreed to purchase the AN/AAR-57 Common Missile Warning System (CMWS) and associated equipment to protect their aircraft and crews from sophisticated threats. For more than 15 years, CMWS has delivered unmatched, combat-proven aircraft survivability to U.S. and allied forces by providing superior threat detection and enhanced situational awareness.
The Salt Lake Tribune has again named BAE Systems, Inc. as one of Utah’s “Top Workplaces.” The company was the only defense contractor to appear in the rankings, which are based on employee feedback.
BAE Systems was awarded research and development funding through the U.S. Army to create an advanced radar jamming technology. The technology aims to improve air survivability and mission effectiveness for U.S.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
BAE Systems, Inc. has named Caitlin Hayden as senior vice president of communications. As a member of the senior leadership team reporting to President and Chief Operating Officer Tom Arseneault, Caitlin will lead the company’s external and internal communications activities in support of key business campaigns, community investment and employee engagement.
BAE Systems has received a $120 million contract from the U.S. Marine Corps for additional Amphibious Combat Vehicles under a third order for Low Rate Initial Production . This award is an important next step on the path to full rate production.