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BAESY Bae Systems Plc (PK)

67.52
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Bae Systems Plc (PK) USOTC:BAESY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 67.52 66.63 67.37 0.00 13:35:19

BAE Systems Gets New GBP2.4 Billion, 15-Year Contract With UK Ministry of Defence

30/11/2020 1:26pm

Dow Jones News


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By Ian Walker

 

BAE Systems PLC said Monday that it has been awarded a new 15-year contract with the U.K. Ministry of Defence worth 2.4 billion pounds ($3.20 billion), which will sustain about 4,000 jobs across the U.K.

The London-listed defense company said the new contract will supersede the current contract which is due to end at the end of 2022.

Under the contract, BAE will supply munitions products and engineering support to the U.K. armed forces.

Shares at 1250 GMT were up 6.0 pence, or 1.2%, at 510.20 pence.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

November 30, 2020 08:11 ET (13:11 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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