BAE Systems has acquired Kirintec, an innovative UK cyber and electromagnetic activities (CEMA) company, which specialises in counter-Improvised Explosive Devices (IED), counter-Uncrewed Air Systems (UAS) and electronic warfare products and solutions.
Kirintec’s battle-proven technology protects military platforms and personnel from cyber and electromagnetic attacks. The open architecture of the products enables them to work together across all domains and a range of military platforms. |
 BAE Systems Jacksonville Ship Repair LLC, Jacksonville, Florida, was awarded a $13,820,527 cost-plus-award-fee contract for the accomplishment of a post shakedown availability (PSA) as well as procurement of additional materials in support of PSA. The PSA is for one Arleigh Burke Class Guided Missile Destroyer (DDG 122). This contract includes options which, if exercised, would bring the cumulative value of this contract to $27,870,357. Work will be performed in Mayport, Florida (100%), and is expected to be completed by October 2025. If all options are exercised, work will continue through May 2026. Fiscal 2024 shipbuilding and conversion (Navy) funding in the amount of $8,395,299 (65%); and fiscal 2015 shipbuilding and conversion (Navy) in the amount of $4,545,770 (35%), was obligated at the time of award and will not expire at the end of the current fiscal year. This contract was competitively procured via the Federal Business Opportunities website, with two offers received. Naval Sea Systems Command, Washington D.C., was the contracting activity (N00024-24-C-2321). (Awarded Aug. 30, 2024.) |
Long term defo. Should peace ever materialise, there would undoubtedly be a short term drop (imo). An overreaction to this (as is often the case) would no doubt be welcome for those looking for an entry point. |
I agree RW. Defence companies are in a very strong position and will continue to be so for a considerable time.
Suet |
The scare that the Ukraine invasion has generated will ripple around Governments and benefit the big boy defence companies for the next 10 years or so. Just replenishing used ammunitions will continue for 2 or 3 years even after peace breaks out. Then the search for brighter/smarter/cheeper ways of destroying stuff will start. |
They may start to happen come post US elections (but don't bet on it as it looks like the US will continue to vote for more war). Ideally, BAE will power to new highs over the coming few weeks, so one can top slice another chunk. |
Thankyou! The problem with this one is that eventually the Ukraine war will end and it will be down 10-20% when that starts seeming imminent. |
Director sell of £35k today , FWIW.
Hard to keep an eye on director deals with so many directors , and lots of piffling award trades mixed up with some tax related trades. |
BAE Systems - San Diego Ship Repair, San Diego, California, is awarded a $177,821,136 firm-fixed-price, undefinitized contract modification to previously awarded undefinitized contract action N00024-24-C-4423 for the repair, maintenance, and modernization of the USS Halsey (DDG 97), a Chief of Naval Operations Fiscal 2024 Depot Modernization Period (DMP). The scope of this procurement includes all labor, supervision, facilities, equipment, production, testing, and quality assurance necessary to prepare for and accomplish the USS Halsey (DDG 97) Fiscal 2024 DMP. This contract includes options which, if exercised, would bring the cumulative value of this contract to $225,596,312. Work will be performed in San Diego, California, and is expected to be completed by April 2026. Fiscal 2024 other procurement, Navy funds in the amount of $82,826,616 (98.3%); fiscal 2024 operation and maintenance, Navy (OMN) funds in the amount of $1,409,569 (1.7%); and fiscal 2024 defense wide procurement funds in the amount of $21,203(.03%), will be obligated at the time of award, of which $1,409,569 will expire at the end of the current fiscal year. This contract was not competitively procured, but in accordance with 10 U.S. Code 3204 (a) (3) (Industrial Mobilization). Naval Sea Systems Command, Washington, D.C., is the contracting activity (N00024-24-C-4423). |
Earlier this year, during a visit to BAE Systems’ shipyard in Glasgow, Sir Simon Lister, Managing Director of the company’s Naval Ships division, provided insights to journalists on the engineering efforts behind ensuring that the Type 26 operates with a minimal acoustic signature.
Silence in naval warfare is both a technical challenge and a tactical advantage. Lister described how even the flow of fluid through pipes can impact the ship’s stealth capabilities. By isolating pipes with rubber and designing brackets to reduce noise transmission, the ship becomes less detectable by enemy submarines, ensuring its sonar systems remain unobstructed. |
BAE Systems Information and Electronic Systems Integration, Greenlawn, New York, is awarded a $29,998,551 cost-plus-fixed-fee order (N0001924F1886) against a previously issued basic ordering agreement (N0001922G0009). This order provides non-recurring engineering and design work for 17 engineering development model units and special test equipment in support of the technical refresh of the AN/APX-123A(V) Common Transponder assembly to resolve parts obsolescence and implement solutions to achieve compliance with the latest specifications, qualification, and certification standards in support the of Navy and Foreign Military Sales (FMS) customer funds. Work will be performed in Greenlawn, New York and is expected to be completed February 2026. Fiscal 2024 aircraft procurement (Navy) funds in the amount of $9,998,551; and FMS customer funds in the amount of $20,000,000, will be obligated at the time of the award, none of which will expire at the end of the fiscal year. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. |
BAE Systems Technology Solutions & Services Inc., Rockville, Maryland; and Fort Walton Beach, Florida, was awarded a $13,319,331 ceiling, indefinite-delivery/indefinite-quantity, firm‐fixed-price contract for F-16 sustainment. This contract provides for repair of the commercial fire control computer. Work will be performed in Fort Walton Beach, Florida, and is expected to be complete by Aug. 25, 2031. This contract was a sole source acquisition. Fiscal 2024 working capital funds in the amount of $2,848,234 are being obligated at the time of award. Air Force Sustainment Center Supply Chain Management Division, Hill Air Force Base, Utah, is the contracting activity (FA8251-24-D-0011). |
"Top defence contractors set to rake in record cash after orders soar
Industry could step up share buybacks as large M&A opportunities are limited, analysts say"
From the above article: -
"In Europe, national champions BAE Systems, Rheinmetall and Sweden’s Saab, which have benefited from new contracts for ammunition and missiles, are expected to see combined cash flow jump by more than 40 per cent." |
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! |
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