Nothing from the company yet, but two in hospital with smoke inhalation. |
Looks like a nasty fire - that’s all we need atm.
Suet |
The Ministry of Defence (MoD) has recently clarified that a £160 million reduction in projected in-year expenditure for the Future Combat Air System (FCAS) and Global Combat Air Programme (GCAP) is not a reflection of scaling back military capability or commitment to the programme.
Responding to parliamentary queries from Conservative MP James Cartlidge, Defence Minister Maria Eagle explained that the underspend results from various factors, including shifts in accounting treatment and early progress on the combat aircraft demonstrator project.
“The reduced in year expenditure is not a result of changes to the military capability being developed by the FCAS/GCAP programme,” Eagle stated. “It is a combination of an accounting treatment change, work on the combat aircraft demonstrator project that was carried out ahead of schedule in the previous financial year and revised plans for the delivery of infrastructure and other programme enablers.” |
Xd 12.4p today
That is less than 1% of the share price ; the consequence of all this unwanted share price growth! |
The Ministry of Defence has confirmed a £1.3 billion allocation for the Future Combat Air System (FCAS) programme in the current financial year, answering a series of questions from Conservative MP James Cartlidge.
In response to a question about whether the £1.3 billion represents the full expected allocation for the FCAS and GCAP this financial year, Defence Minister Luke Pollard clarified that the £1.3 billion of government funding was planned in the previous financial year.
He added:
“The £1.3 billion figure provided on 19 September 2024 accounts for the Government funding for Future Combat Air System/Global Combat Air Programme in the current financial year.”
Cartlidge also asked how much of the £1.3 billion had been planned in previous financial years to be spent this year. Pollard responded that all the funding had been anticipated, stating:
“All of the £1.3 billion of spend this financial year was planned in the last financial year.” |
The UK Government has reinforced its commitment to the Global Combat Air Programme (GCAP), a multinational effort aimed at developing a sixth-generation stealth fighter jet in collaboration with Japan and Italy.
Despite concerns that the Strategic Defence Review (SDR) might delay or deprioritise the programme, Defence Minister Luke Pollard has confirmed that significant progress continues. |
BAE Systems has received a $184 million contract modification to produce an additional 48 Armored Multi-Purpose Vehicles (AMPV) for the U.S. Army. The order is in addition to the existing full-rate production contract.
The AMPV family of vehicles (FoV) replaces the Army's legacy M113s and modernizes the force by providing critical survivability, mobility, on-board power and interoperability upgrades to the Armored Brigade Combat Team. The FoV is currently built in five variants including the General Purpose, Mortar Carrier, Medical Evacuation, Medical Treatment, and Mission Command vehicles. |
Who knows. Germany have moved a step closer to allowing the sale of the EF to Turkiye. |
What's this big drop all about? |
Let’s hope this one works and can eventually stay on patrol |
We've done it before here at barrow.......
:) |
Yeah like watching paint dry. Mind you, I would be a very nervous ship builder if they just slid it in like some of the container ship launchs. |
Wad, re 5649. It just takes all the fun out of the process! |
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 |
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! |
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. |
sadly this will go to £14 and beyond now. |
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 |
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). |
 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 |
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. |
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. |
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?". |
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