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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.15 | 1.96% | 59.89 | 59.27 | 60.47 | 59.92 | 58.85 | 59.06 | 360,043 | 21:07:32 |
From Jan 2023 to Jan 2025
By Mauro Orru
European joint ventures Naviris and Eurosam have secured a contract worth 1.5 billion euros ($1.65 billion) to upgrade French and Italian warships.
The two joint ventures said Monday that they had won the contract from the Organisation for Joint Armament Cooperation, a European intergovernmental body, to modernize the frigates with a new generation of principal anti-air missile system and long-range radar.
Naviris is an equally split joint venture of Fincantieri and Naval Group. Eurosam is a joint venture of Thales and MBDA, in turn a joint venture of Airbus, BAE Systems and Leonardo.
France and Italy's Horizon warships were originally built between 2000 and 2010.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 31, 2023 09:58 ET (13:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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