Bae Systems Share Discussion Threads

[pj84] 05/10/2024 00:31

Article concludes: -

"Despite its improving financial performance, the company’s rising share price means it now trades on a relatively lofty price-to-earnings ratio of 20.8. Its bottom line, though, is expected to rise by around 11pc per annum over the next two financial years. This helps to justify its rich market valuation and suggests that further capital growth lies ahead.

Unfortunately, BAE has not been a member of Questor’s wealth preserver portfolio until now. We have excess cash available following recent sales, which will be partly used to fund the stock’s inclusion in our portfolio.

Although the company’s share price has risen significantly since our initial tip, its solid financial position, vastly improved operating outlook and sound strategy mean it continues to merit purchase on a long-term view.

Questor says: Buy

Ticker: BA

Share price at close: 1299.5p

[wad collector] 04/10/2024 14:00

Launching a sub is clearly not as exciting as launching a new boat; a gentle lowering without a splash. Won't create much of a dockside crowd!

[ribblewader] 04/10/2024 08:28

Agamemnon, the latest Royal Navy Astute Class attack submarine has been launched at BAE Systems in Barrow-in-Furness, Cumbria.
Named after the ancient Greek king, Agamemnon is the sixth of seven Astute Class submarines, all of which have been designed and built at the Company's historic Barrow shipyard – home of UK submarine building. The nuclear-powered boat, which weighs in at 7,400 tonnes and is 97 metres long, rolled out of the Devonshire Dock Hall and entered the water for the first time today. Agamemnon will now begin the next phase of its test and commissioning programme, before leaving Barrow for sea trials with the Royal Navy.

[undervaluedassets] 02/10/2024 09:40

sadly this will go to £14 and beyond now.

[ribblewader] 01/10/2024 13:45

The Ministry of Defence (MoD) has taken a step forward in its Science and Technology Oriented Research and Development in Missile Defence (STORM) programme by announcing the shortlist of companies vying for the six-year contract.

The contract, valued between £110 million and £251 million, covers the research, development, and delivery of next-generation missile defence technologies.

The shortlisted companies include:

Airbus Defence, Space
BAE Systems Operations
Frazer-Nash Consultancy
Leonardo UK
Lockheed Martin UK Ampthil
PriceWaterhouseCoopers
QinetiQ
Roke-Manor Research

[bartyb] 30/9/2024 23:33

BAE Systems Land & Armaments L.P., Minneapolis, Minnesota, is awarded a $23,500,000 cost-plus-incentive-fee modification to previously awarded contract N00024-24-F-5322 to procure an additional MK 45 Mod 4 upgrade. Work will be performed in Louisville, Kentucky, and is expected to be completed by April 2028. Fiscal 2023 shipbuilding and conversion (Navy) funds in the amount of $23,500,000 will be obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command, Washington, D.C., is the contracting activity. (N00024-24-F-5322).

[bartyb] 28/9/2024 00:18

BAE Systems Ordnance Systems Inc., Radford, Virginia, was awarded a $29,215,615 modification (P0002) to contract W519TC-23-F-0412 for an energy conservation and steam distribution rehabilitation/repair project. Work will be performed in Radford, Virginia, with an estimated completion date of Sept. 30, 2025. Fiscal 2025 ammunition procurement, Army funds in the amount of $20,751,663 were obligated at the time of the award. Army Contracting Command, Rock Island, Illinois, is the contracting activity. Diversified,* Edmond, Oklahoma, was awarded a $27,361,313 firm-fixed-price contract to construct an aircraft shop. Bids were solicited via the internet with three received. Work will be performed in Oklahoma City, Oklahoma, with an estimated completion date of April 7, 2026. Fiscal 2024 military construction, Army funds in the amount of $27,361,313 were obligated at the time of the award. U.S. Army Corps of Engineers, Tulsa, Oklahoma, is the contracting activity (W912BV-24-C-0021).L.S. Black Constructors LLC, Saint Paul, Minnesota, was awarded a $23,878,665 firm-fixed-price contract for building maintenance and repair. Bids were solicited via the internet with seven received. Work will be performed in Seagoville, Texas, with an estimated completion date of Sept. 17, 2026. Fiscal 2024 military construction, Army Reserve funds in the amount of $23,878,665 were obligated at the time of the award. U.S. Army Corps of Engineers, Louisville, Kentucky, is the contracting activity (W912QR-24-C-0042

[bartyb] 27/9/2024 10:09

BAE Systems Technology Solutions & Services Inc., Rockville, Maryland, is awarded a $51,027,792 cost-plus-fixed-fee contract modification (P00028) to a previously awarded and announced contract (N00030-22-C-6001) to provide support services for the Trident II D5 Strategic Weapon Systems program, Attack Weapon System program, and the Nuclear Weapon Security program. Tasks to be performed include systems engineering and integration, test engineering, data analysis, and safety engineering support services. This contract modification also benefits a foreign military sale to the United Kingdom. Work will be performed in Rockville, Maryland (48.9%); Washington, D.C. (18.3%); Cape Canaveral, Florida (5.2%); Frederick, Maryland (4.8%); Silverdale, Washington (3.6%); Saint Marys, Georgia (2.7%); King’s Bay, Georgia (2.4%); York, Pennsylvania (1.8%); Fort Walton Beach, Florida (1.6%); Rochester, United Kingdom (1.2%); Conway, South Carolina (1.0%); and various other locations (less than 1% each, 8.5% total). Work is expected to be completed Sept. 30, 2025. While this action is an option exercise, no funding will be obligated at this time. This action is being awarded subject to the availability of funds and no funds will expire at the end of the current fiscal year. This contract was originally awarded as a sole source acquisition pursuant to 10 U.S. Code 2304(c)(1)(4). Strategic Systems Programs, Washington, D.C., is the contracting activity.

[ribblewader] 26/9/2024 09:29

BAE Systems’ prototype payload was successfully integrated onto the International Space Station (ISS) as part of a mission to demonstrate improvements in atmospheric temperature profiling and environmental monitoring capabilities, among other missions and technologies.

The payload launched in collaboration with the ISS National Laboratory and Airbus U.S. Space & Defense, Inc., which supplied the hardware facility for the mission. The payload arrived safely to the ISS as part of a NASA commercial resupply mission, where it was integrated onto the station with the help of astronauts onboard. The payload is functioning as planned.

[ohdearohdearohdear] 25/9/2024 14:01

Blippy3 is obviously a bit too stupid to understand what Lammy said:


“I speak not only as a Briton, as a Londoner, and as a foreign secretary.

“I stand here also as a black man whose ancestors were taken in chains from Africa, at the barrel of a gun to be enslaved, whose ancestors rose up and fought in a great rebellion of the enslaved.

“Imperialism. I know it when I see it. And I will call it out for what it is.”


I can only imagine that the greatest speech blippy3 has ever made is "salt and vinegar?".

[tournesol] 25/9/2024 13:15

Blippy, you're a bit confused. Lammy didn't phone the Russian. He berated him for using his phone during the meeting. As for the remark about Lammy's racial identity, you have missed the point entirely. I don't like Lammy. And previously I've been very critical of him. But his speech at the UN was powerful and eloquent. He criticised Putin and called out his crimes. I agreed with every word. Bravo Mr Lammy.

[blippy3] 25/9/2024 12:44

Lammy phones Russian representative saying that he stands there as a black man. It's true. I'm not making this up. He really is the gift that keeps on giving, isn't he?

[ribblewader] 25/9/2024 08:21

rod, in 2021 I sold a few BA. and bought RR @ 1.41, best buy I ever made!

[rodbender1] 24/9/2024 17:46

Oh the conundrum Ribble of where to invest!
Just 6 months till my retirement and still nothing. Is what I see in front of me just a 'mirage' ?
Surely soon or nothing at all !!
I would like to thank all at Rolls Royce for making my gains, I often see their humble employee's in the shop, but BAe have been good!

[ribblewader] 24/9/2024 08:10

Thanks rech and blippy. I shall hold off investing in either for now. RW

[bartyb] 23/9/2024 23:25

BAE Systems Information & Electronic Systems Inc., Nashua, New Hampshire, is awarded a not-to-exceed $34,300,000 stand-alone contract for the procurement of six multifunctional module mast (MMM) tactical modules and MMM payload modules. All work will be performed in Nashua, New Hampshire. Work is expected to be completed by June 2028. Working capital (Navy) funds in the amount of $16,807,000 will be obligated at time of award as an undefinitized contract action, and funds will not expire at the end of the current fiscal year. One company was solicited for this sole-source requirement with one offer received. Naval Supply Systems Command Weapon Systems Support, Mechanicsburg, Pennsylvania, is the contracting activity (N00104-24-C-NA67).

[blippy3] 23/9/2024 19:13

@rech CCL I totted up the figures for net profit for 2014 to 2023. The whole thing came to a net LOSS of £11.4b. Share count is up nearly 80% since 2018 and net debt has nearly tripled. Yowsers.

[rech] 23/9/2024 17:47

CCL has been destroying shareholder value for five years, and didn't create any during the previous five. All other metrics are bad: ROCE, ROE, debt trajectory, interest cover, and to top it off, it seems to have been issuing shares just to stay afloat.
I'd suggest that the shareholder perks are a beguiling sop.

[ribblewader] 23/9/2024 15:06

Hmm, here's a conundrum. BA. share price currently sat at 1270, Carnival (CCL) also sitting @ 1270. Which one to choose? Other than the div CCL also offers more stockholder "perks".

[ribblewader] 23/9/2024 14:53

BAE Systems Australia has introduced the Autonomous Tactical Light Armour System (ATLAS) Collaborative Combat Variant (CCV), an uncrewed ground vehicle designed to support military operations and reduce risks to soldiers.

The ATLAS CCV is an 8×8 modular vehicle capable of operating autonomously in both on- and off-road environments.

It is intended to complement crewed military assets, such as infantry fighting vehicles and main battle tanks, by performing tasks that would typically expose soldiers to danger.

[ribblewader] 22/9/2024 10:26

The UK government has reaffirmed its commitment to the Global Combat Air Programme (GCAP), with significant financial investment and ongoing support for the British defence industry, despite earlier concerns that the upcoming defence review could impact the programme.

In response to a written question from James Cartlidge, Conservative MP for South Suffolk, Maria Eagle, the Minister of State for Defence, confirmed that the UK is set to invest over £1.3 billion in GCAP and the associated Team Tempest R&D programme during the current financial year.

[anhar] 21/9/2024 11:59

Don't be so reticent Gecko, tell us what you really think of Lammy.

[bartyb] 20/9/2024 08:00

BAE Systems Information and Electronic Systems Integration Inc., is awarded an $87,621,018 firm-fixed-price, cost-plus-fixed-fee contract for the production and delivery of 1592 radio frequency countermeasures and repair of muti-function test stations in support of the Navy and Foreign Military Sales (FMS) customers. Work will be performed in Nashua, New Hampshire (40%); Elkton, Maryland (16%); Chatsworth, California (7%); Rosamond, California (4%); Dover, New Hampshire (4%); Rochester, New York (4%); Topsfield, Massachusetts (3%); Poughkeepsie, New York (1%); and various locations within the continental U.S. (21%), and is expected to be completed in March 2027. Fiscal 2024 aircraft procurement (Air Force) funds in the amount of $24,024,657; fiscal 2024 procurement and ammunition (Navy) funds in the amount of $21,100,961; and FMS funds in the amount of $42,495,400, will be obligated at the time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to 10 U.S. Code 2304(c)(1). Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity (N0001924C0003).