BAE Systems Information & Electronic Systems Integration Inc., Merrimack, New Hampshire, was awarded a $25,000,000 ceiling indefinite-delivery-indefinite-quantity, cost-plus-fixed-fee contract for the Seeker for Agile Guidance Experimentation. This contract will support the developmental testing of two use cases, supported by two subsequent kinetic hardware in the loop software seeker testing events following seeker delivery. Work will be performed in Merrimack, New Hampshire; and Eglin Air Force Base, Florida, and is expected to be completed by Aug. 23, 2029. This contract was a sole source acquisition. Fiscal 2024 research, development, test and evaluation funds in the amount of $728,329 are being obligated at time of award. The Air Force Research Laboratory is the contracting activity (FA8651-24-D-B011). |
BAE Systems has announced the opening of a £12 million training facility at its Scotstoun shipyard in Glasgow, a move vital to sustaining Scotland’s shipbuilding workforce.
According to the company, the Applied Shipbuilding Academy is designed to support the development of BAE’s entire workforce, from apprentices to senior leaders, and aims to ensure the industry’s long-term viability.
And..... |
Squid
I suppose you can read it multiple ways really.
Western govts and the USA especially are bankrupt.
A reckoning is coming.
$1trillion added to US national Debt every 100 days simply isnt sustainable |
I read that as stopped new requests for funding, not what has already been approved. So, not stopped funding. |
"EU Defense Bubble Under Pressure After Germany Freezes New Military Aid For Ukraine"
Frozen ie Stopped.
European defense stocks fell Monday morning following a report from the German newspaper Frankfurter Allgemeine Zeitung (FAZ) over the weekend. The new report revealed that Berlin had halted all new requests for military aid to Ukraine, citing a domestic budgetary crisis. |
HL
"On the downside, defence firm BAE Systems slumped following reports that Germany plans to cut military aid to Ukraine. Rolls-Royce also lost ground"
Cutting by how much one wonders.
So not stopping, as of yet it seems. |
Germany apparently stopping the sale of weapons to Ukraine. |
Any clue why this is down today? |
BAE SOAR TOWARDS £20 Next week as WW3 becomes reality. |
Registered post though wad! |
Bet they just put in a cardboard box and stuck a few stamps on it. |
Good recovery play ATM.
BAE Systems has successfully shipped the Nancy Grace Roman Space Telescope’s Wide Field Instrument (WFI) to NASA’s Goddard Space Flight Center in Greenbelt, Maryland, signaling the completion of integration and testing of the state-of-the-art instrument.
The WFI is the primary scientific instrument for the Roman Space Telescope, NASA’s next flagship astrophysics mission. The instrument is an advanced visible-to-near-infrared imager with additional spectral capabilities that will capture highly detailed images over wide swaths of the sky, offering a field of view at least 100 times greater than its predecessor, the Hubble Space Telescope, with a similar resolution. This instrument will dramatically improve the speed and scale of astronomical surveys, unlocking new insights into the mysteries of dark matter and dark energy, discovering distant galaxies and exoplanets, and studying how the structure of the universe has formed over billions of years. |
The vast new ship build hall that will transform shipbuilding in Glasgow has officially been named the Janet Harvey Hall, after one of the many women who took on industrial jobs when the country needed them most during the Second World War. |
Top 100 Defence Companies for 2024 |
BAE Systems has been awarded a $48 million contract from the Air Force Research Laboratory to further advance the Insight system. Insight is a next-generation Intelligence, Surveillance, and Reconnaissance (ISR) exploitation and resource management system which uses multiple intelligence signal processing, domain analysis multi-level fusion, predictive analytics, machine learning, and automation to fill gaps in today's military intelligence analysis capability. |
BAE Systems receives $493 million U.S. Army contract to produce additional M109A7 Self-Propelled Howitzers and M992A3 Ammunition Carriers |
A volatile morning.......
?? |
Extract from Half Year results
The directors have declared an interim dividend of 12.4p per share in respect of the half year ended 30 June 2024. This represents an increase of 8% compared to the interim dividend declared in respect of the half year ended 30 June 2023. This will be paid on 2 December 2024, in line with our usual dividend timetable.
I will update header shortly....... |
Hard to pick faults. Div yield is now pants for newbies but it's fantastic for long termers (div up 70% in 13 years). EPS looks like high 60's come year end. Back to 14 squid a share sooner or later (assuming the powers that be still want to wage war)PE of around 20 but AAA company so not outrageous. |
Folk having trouble reading? Sales are UP. Order backlog is UP. As for the order intake .... look at the clear note underneath the order intake line.
Blimey. |
Outlook upgraded. Doubt that orders has an impact. But let's see... |
Orders lower than expected which doesn't mean much in the grand scheme of things but that may weigh on the share price today despite all the other positives |
Great results, inc guidance and 8% inc in divi, what not to like? |
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