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BAESY Bae Systems Plc (PK)

69.70
0.07 (0.10%)
16 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
  0.07 0.10% 69.70 69.63 69.87 70.05 69.45 69.57 241,559 21:00:15

Babcock International Gets Two Submarine Contracts Worth GBP121 Million

28/11/2023 2:10pm

Dow Jones News


Bae Systems (PK) (USOTC:BAESY)
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By Ian Walker

 

Babcock International Group has been awarded two submarine contracts worth 121 million pounds ($152.8 million) between them.

The defense company--a major contractor for the U.K. government--said Tuesday that it has been awarded a 4.5 year contract with the U.K.'s Ministry of Defence worth GBP66 million to provide assistance in the support solution development for the new Dreadnought Class submarines.

It has also been awarded a GBP55 million contract by BAE Systems for Weapon Handling and Launch System and Submerged Signal Ejector equipment for the Dreadnought Class.

 

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

 

(END) Dow Jones Newswires

November 28, 2023 08:55 ET (13:55 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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