Bae Systems Share Discussion Threads

[ribblewader] 20/1/2020 15:35

I remember the Harrogate to Wyton move Northern. What a pain that was for everyone. Then to find them closing Wyton pavillions down was just a total nightmare. Coincided with a manpower reduction if I recall correctly.

[northernhills] 20/1/2020 15:00

I remember several contracts placed by the MoD which were over managed, under funded and took years to appear, then the results were totally under whelming! Both at Harrogate and when procurement was moved to Bristol. Look at Wyton, 10's of millions to convert it from a front line unit to be the supply management centre of the RAF. Now very much shut down. But hindsight does give 20-20 vision as they say!

[charlie_324] 20/1/2020 14:48

Check this....

7:45
BAE snaps up two businesses
Eurofighter Typhoon aircraft being assembled at BAE Warton in Lancashire
PA Media

Defence group BAE Systems has announced two deals as it seeks to grow its electronics systems business.

It has agreed to buy Collins Aerospace's Military Global Positioning System business for $1.925bn and Raytheon's Airborne Tactical Radios business for $275m.

The deals are subject to the successful completion of the Raytheon-United Technologies Corporation (UTC) merger, as well as regulatory approval.

BAE chief executive Charles Woodburn said: "These proposed acquisitions present a unique opportunity to add high quality, technology focused businesses to our Electronics Systems sector.

"It's rare that two businesses of this quality, with such strong growth prospects and close fit to our portfolio, become available."

[dafrog] 20/1/2020 14:43

Didn't hear on Today. Not on business pages on mobile.

[ribblewader] 20/1/2020 14:40

Knowing the MoD procurement process, this could get messy....

Military spending: Dominic Cummings may have met his match in trying to reform the Ministry of Defence

The British prime minister’s top special adviser Dominic Cummings has set his eyes on reforming the Ministry of Defence (MoD). In this department, he has chosen a particularly difficult target to hit – and one that has eluded attempts to change it for decades.

[ribblewader] 20/1/2020 14:29

But the share price is maintaining these highs. I thought it may have fallen back 5p or so by now

[northernhills] 20/1/2020 14:26

blue, I cant see this news helping to increase the divi (in the long run yes but notfor a year or two).

[chiefbrody] 20/1/2020 14:26

Yeh it's on the Business feed but usually little else. Should be championing a UK company buying something American when it's usually the other way around!

[charlie_324] 20/1/2020 14:23

BBC reported on it today at 07:45. Check the Business pages!

[crossing_the_rubicon] 20/1/2020 13:42

Superb news indeed illustrating once again UK Defence firms 's futures are in the Americas,and not EU....

BAE Systems to buy Collins GPS business for $2bn

[dafrog] 20/1/2020 13:37

And with Brexit, they can't report success.

[chiefbrody] 20/1/2020 13:31

Hardly surprising though given how anti good news/defence, the likes of the BBC are.

[dafrog] 20/1/2020 13:19

No mention of it news either.

[neilyb675] 20/1/2020 12:54

Both businesses have strong growth outlooks driven by close alignment with the priorities outlined in the US National Defense Strategy, Congressional mandates to upgrade existing capabilities and a presence on a substantial installed base of products and platforms in the US and with allied nations. Both transactions would be expected to be immediately earnings and cash accretive.

[pj fozzie] 20/1/2020 12:43

All very quiet here, given today's announcement on the acquisition front. Any views? Looks positive to me and initial market reaction echos that perspective. Nice that BA today pushes the portfolio into positive territory against the flow of most my other holdings.

Cheers,
PJ

[bluemango] 20/1/2020 11:52

Will be interesting to see the quantity of any (accelerating) effect this has on the dividend going forward.

[ribblewader] 20/1/2020 11:49

That new high could well happen, but will it be this month. It would be nice if it was.

[chiefbrody] 20/1/2020 09:06

Little Boom. Like you say though, those in the know knew already so some priced in. Let's have a sonic boom and see multi year highs soon.

[neilyb675] 20/1/2020 08:54

Proper boom.

Love it. Market obviously got whiff last week.

[ribblewader] 20/1/2020 08:19

Proposed acquisition of Collins Aerospace’s Military Global Positioning System business and Raytheon’s Airborne Tactical Radios business

BAE Systems plc (“BAE Systems” or the “Company”) announces that it has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospace’s Military Global Positioning System business (“GPS business”) for $1.925bn in cash, subject to customary closing adjustments. As an asset purchase there is an expected tax benefit of c.$365m.

[ribblewader] 17/1/2020 14:29

Collaboration will help reduce costs and speed up manufacturing processes

We have signed an agreement to work with Renishaw to work together on the development of additive manufacturing capability for the defence and aerospace sector, designed to help improve performance, reduce costs and speed up manufacturing processes on combat aircraft of the future.

[ribblewader] 17/1/2020 14:24

LUDERITZ

Raynesway = RR Derby

Burghfield = AWE former munitions factory, AWE Burghfield is a 225-acre site where warheads are assembled and maintained while in service, and decommissioned.....

Or am I missing the point that they are also areas of Barrow?

[neilyb675] 17/1/2020 09:16

617.80 - 618.20 (GBX) at 09:14:05
on Market (LSE)

[luderitz] 16/1/2020 15:59

Of course how silly of me, I thought that they meant at other locations rather then in Barrow. Thanks anyway RW ✔️