Thankyou @rech for the most useful post for weeks - I trust long term you will be rewarded for your confidence.
Agree oversold - as for support who knows ?
Where was the Santa Rally ???? We are going through difficult times with consecutive days of the DOW the worst since the 80's - support at 43000 surely broken - will the FTSE hang on to 8000 ??
Peace and goodwill to all for 2025 |
Morning all, hope this finds you all fit and ready for the Christmas Period and that the New Year brings all that you wish for. All the Best
RW |
@ Informer:
I have enough invested here to buy a house; perhaps you could consider that to be serious money.
TA suggests it's oversold, with recovery to resistance at 1230.
If the wider sell off continues, then next support is at 1120 and thereafter at 1022. |
BAE Systems has been awarded $68 million in contracts to produce an additional 44 Cold Weather All-Terrain Vehicles (CATV) for the U.S. Army.
The order includes a $48 million add-on to the existing full-rate production contract, awarded in August 2022, and a $20 million award for 2025 funding.
“The CATV provides a dynamic combination of mobility and flexibility to the U.S. Army enabling rapid response in all terrains,” said Dean Medland, vice president of Sustainment & International at BAE Systems. “We are proud to support additional CATV production for the U.S. Army and are confident that the vehicle’s go-anywhere ability and modular design will meet their future needs, allowing them to carry out a range of missions from military operations to humanitarian assistance and disaster response.” |
Recently disclosed Freedom of Information documents have shed light on how Scottish Government ministers were briefed about the importance of the UK’s defence work to Scotland ahead of the steel-cutting ceremony for HMS Sheffield, the fifth Type 26 frigate.
The exchanges reveal the government’s emphasis on the significant economic and strategic contributions of the Clyde shipyards to both Scotland and the wider UK, as well as the logistical and political considerations surrounding ministerial attendance. |
I am wondering if any of you Anoraks have any serious money invested in this stock ? The fundamentals are monumental and you could post every day about million dollar signed deals none of which appear to have any bearing on the share price or equity valuation.
Is there anybody out there who can offer a TA point of view - where do you see support for this stock ?? |
Latest flight trials take the British-built PHASA-35 High Altitude Pseudo Satellite (HAPS) a step closer to operations in the stratosphere.
A British-led team of engineers has taken a leap forward in the race to harness the stratosphere for earth observation and communications, completing a new series of test flights of BAE Systems’ High Altitude Pseudo Satellite (HAPS) Uncrewed Aerial System (UAS), PHASA-35®, in quick succession.
During the first flight at Spaceport America® in New Mexico, US, in recent weeks, the solar powered aircraft flew for 24 hours climbing to more than 66,000 feet and cruising in the stratosphere, before successfully landing in a serviceable condition, meaning it was ready to fly again just two days later. |
 The Australian and UK Governments have announced a significant milestone between the Australian Submarine Agency (ASA) and industry partners that will support the delivery of the SSN AUKUS fleet of conventionally armed, nuclear-powered submarines for the Royal Australian Navy.
The ASA, BAE Systems and ASC Pty Ltd have signed a Tasking Statement, a contractual agreement that supports the joint development of build strategy, supply chain management plans and a workforce development strategy.
Stuart Whiley, Chief Executive Officer and Managing Director of ASC, said: “The Tasking Statement is an important step in establishing a sovereign nuclear submarine build capability in Australia. The program is anticipated to generate thousands of highly skilled jobs over its lifetime.
"SSN AUKUS is a multi-national, multi-generational programme through which ASC will invest in developing the critical skills required to build a nuclear submarine fleet in Australia. It’s hard to imagine, but the children at school today will be the ones building our submarine fleet of tomorrow.” |
RW: Agree it's subject to approval but there should be no hurdle for such project.
More contracts signed. |
UK joins Italy and Japan to develop British fighter jet to rival America’s F-35 |
Interesting statements from NATO SG:
"Russia is preparing for long-term confrontation, with Ukraine and with us," Mr Rutte said during a speech in Brussels.
"We are not ready for what is coming our way in four to five years," the NATO secretary general said.
He added: "It is time to shift to a wartime mindset, and turbocharge our defence production and defence spending." |
More orders:
Interesting new product launch: |
Ruffj
If you drop the "full stop" and the end of the URL your link wont show a 404 error |
More orders. |
I don't think that since Russia invasion of Ukraine Europe will remain complacent and sleepy as it used to be for many decades.
Now that the US is reducing its military commitments, I am convinced that they will increase their defense spending and thus readiness to any eventuality in case Putin or any other dictator that will replace him has other ideas in the near future.
This is flagged up by the $2.5 billion awarded to BAE recently by Sweden and Denmark.
IMO this is just the wake up call for defense spending for every European country.
The same applies to the Far East including Japan when continuous threats and intimidations from China towards Taiwan and in the pacific towards the philippines and Japan happen on a daily basis. This is without adding North Korea playing war games by launching all sorts of missiles around the area.
That could trigger a disaster with Japan or South Korea for instance if a missile lands by mistake on a city.
No need to add the Middle East where every country is arming to the teeth.
IMO this is the first time in history, the whole world is in turmoil. |
Chief BIf Trump forces Ukraine to accept a bad settlement that will be seen as rewarding Putin's aggression and emboldening him to further acts of aggression elsewhere. The obvious reaction to that situation will be for Nato countries to increase their military expenditure. And of course Trump will in any case pressure them to do so. That augurs well for BA. |
Dire performance since the US election result. Peace coming (guess the smart ones got out on Nov 4th!). |
"Restocking of military equipment linked to the conflict in Ukraine will be a boon to the group, as will ‘the demand boost from the US supplemental aid package to Ukraine’." |
Far far oversold in my view.
In 2025 it will be hitting £16+. |
Berenberg lifts BAE Systems target price
Near and long-term growth drivers at BAE Systems (BA) remain ‘compelling217; for Berenberg.
Analyst George McWhirter retained his ‘buy’ recommendation but increased the target price from £13.60 to £14.30 on the Citywire Elite Companies AAA-rated defence group, which fell 1.5% to £11.81 on Tuesday, but has gained 13.2% over the last 12 months.
‘The growth drivers for BAE Systems continue to be its maritime division, and its armoured vehicles businesses in Sweden and the US – 33% of revenue combined,’ McWhirter said.
‘Visibility is extending in each of these areas through recent contract awards and the order pipeline will remain buoyant over the coming years.’
Restocking of military equipment linked to the conflict in Ukraine will be a boon to the group, as will ‘the demand boost from the US supplemental aid package to Ukraine’.
‘Longer-term drivers beyond this are the global combat air programme fighter jet and the Aukus submarine alliance, which will run for several decades, offering good visibility,’ said McWhirter. |
Qatar has signed a memorandom of intent for the acquisition of 12 Typhoons, good news for NW UK! |
BERENBERG RAISES BAE SYSTEMS PRICE TARGET TO 1440 (1360) PENCE - 'BUY' |
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