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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bae Systems Plc | LSE:BA. | London | Ordinary Share | GB0002634946 | ORD 2.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 34.50 | 2.57% | 1,374.50 | 1,374.50 | 1,375.00 | 1,378.00 | 1,345.00 | 1,347.00 | 2,449,479 | 11:26:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Aircraft | 23.23B | 1.86B | 0.6133 | 22.35 | 41.51B |
From Apr 2019 to Apr 2024
By Razak Musah Baba
LONDON--The U.K. Ministry of Defence has awarded BAE Systems PLC (BA.LN) a five-year, 600- million-pound ($1 billion) contract to manage Portsmouth Naval Base and support global Royal Navy operations, the defense firm said Wednesday.
BAE said the Maritime Support Delivery Framework contract will run to 2019 and provides a partnering agreement between BAE Systems, the Royal Navy and the Ministry of Defense.
The contract is part of GBP3.2 billion worth of contracts to support the management of the U.K.'s Naval Bases and maintain and repair the Royal Navy's warships and submarines, directly sustaining more than 7,500 jobs across the U.K.
Babcock International Group PLC (BAB.LN) earlier Wednesday announced it has signed a Maritime Support Delivery Framework agreement worth GBP2.6 billion with the British Ministry of Defense.
BAE shares at 0915 GMT traded up 0.1% at 472 pence, valuing the company at GBP14.9 billion.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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