Bae Systems Share Discussion Threads

[wad collector] 21/2/2020 10:41

Yes come on RW , you are not responding fast enough to your newsfeed Telex.
I do like the look of the share price ; almost tempted to trade a few out....
No, on second thoughts, so much looks good here that I won't until £7.

[ribblewader] 21/2/2020 08:23

Thanks NH.

[neilyb675] 20/2/2020 15:35

Lovely bonus. Shares and cash.

[ribblewader] 20/2/2020 15:29

Reliability continues to improve, but slowly...

The F-35 Joint Strike Fighter reportedly still doesn’t work right, according to the latest annual report from the Pentagon’s chief weapons-tester.

[crossing_the_rubicon] 20/2/2020 14:27

Time will tell that's for sure.

US/China definitely ramped up spending. Vaguely recall USA budgeted to spend another $60-70bn odd extra for this year alone...

[patientcapital] 20/2/2020 14:01

I'm more in the Deloitte school of thought. 3-4% global defence expenditure growth this year ought to be enough to underpin guidance with a few extras perhaps.

[ribblewader] 20/2/2020 12:24

Laser-guided rockets and HMS Prince of Wales help defence giant BAE Systems sail to higher profits

BAE recently completed the £1.7billion purchase of two defence businesses
The company has an order backlog of £45.4billion from countries like Australia
HMS Prince of Wales has a flight deck big enough to house three football pitches

[crossing_the_rubicon] 20/2/2020 12:13

All chugging along nicely...bar the Pension deficit

Wonder when the Defence spending boom is going to materialise??

[patientcapital] 20/2/2020 12:11

I know. Good news nevertheless.

[crossing_the_rubicon] 20/2/2020 12:06

Weird as I actually posted this on 20th here!!!


"Crossing_the_Rubicon20 Jan '20 - 13:42 - 4495 of 4504 Edit
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"





"No biggie"

[patientcapital] 20/2/2020 12:00

Phone showed your post as today when I was looking earlier. Shows it at the time. Apologies on behalf of the glitch.

[ribblewader] 20/2/2020 11:53

Header divi info updated

[crossing_the_rubicon] 20/2/2020 11:08

"Collins acquisition news was known on 20 January btw."

?

I didn't mention any acquisition in the above results post.


Am also well aware of that thanks.

Didn't feel the need to post it at the time as it's contingent on Raytheon/United Technologies merger getting regulatory approval!

As far as I can see that regulatory approval is still pending...

There is this story

"28 Jan 2020 - United Technologies updates investors on how the company is moving on its ... subsidiary in order to get regulatory approval for the merger with Raytheon, which ... Antitrust regulators directed UTC and Raytheon to make the ..."



Access restricted for me though so can't get the latest scoop.

[patientcapital] 20/2/2020 10:32

Collins acquisition news was known on 20 January btw.

[crossing_the_rubicon] 20/2/2020 09:29

Pretty reasonable results though given the noticeable ramp up in US/Chinese and ROTW defence spending tad concerning to see both Order intake drop sharply to 18.447bn(from prior years £28.28bn), and Order backlog fall £45.4bn (2018 £48.4bn)

More concerning is the £1.9bn pension deficit!

There will be a one off payment of £1bn, to be funded by DEBT.
Debt though is currently manageable,having fallen to £743m(Down £160m odd from prior year)

But an extra £1bn is a large chump of change.

"At the 31st October 2019 funding valuation date, the deficit was £1.9bn.
Under that revised plan:

A one off payment of £1bn is to be made in the coming months - this will be debt funded.

In addition, c.£240m of funding is payable in the scheme year ending 31 March 2020 and c.£250m by 31 March 2021, in line with existing commitments"

Plenty to be positive about though.

[chiefbrody] 20/2/2020 08:39

Aye nice set of results. Can sleep relatively easy with this one!Another div increase. Circa 3.5% yield but double that for longer term holders. Lovely.

[patientcapital] 20/2/2020 08:34

Guidance looks reassuring for this year.

[wad collector] 20/2/2020 08:33

I think there is going to be a more substantive share price rise than the 15p we have seen already today; those results are full of good news.

[ribblewader] 20/2/2020 07:47

Results out. 2019 Divi =23.2p (minus interim of 9.4 = final divi 13.8p).

[neilyb675] 19/2/2020 12:27

Results tomorrow.

[ribblewader] 19/2/2020 09:35

UK commits Carrier Strike Group to NATO Readiness Initiative

The UK contribution to the NATO Readiness Initiative includes a UK-led brigade and a UK Carrier Strike Group.
At the first NATO Defence Ministers meeting of 2020, Defence Secretary Ben Wallace used the occasion to reassure NATO’s European members that the United Kingdom remains a key element of broader European security

[ribblewader] 18/2/2020 09:17

$2.9m Industry 4.0 research to drive digital manufacturing in the Hunter Class Frigate Program

[ribblewader] 17/2/2020 15:08

Why the benefits of building British go beyond sovereign capability.

The UK defence sector goes beyond keeping citizens safe and protecting our borders. It is an intrinsic cog in the economic prosperity, growth of ideas and development of people in the UK.
With that in mind, it falls on government’s shoulders to ensure the sector receives due investment, recognition and priority; and on the shoulders of opposition to apply scrutiny when they fail to do so.
As newly appointed Shadow Minister for Defence Procurement, that is exactly what I intend to do.
With over 135,000 people directly employed by the UK defence industry, an annual turnover of £22 billion and a tradition of producing cutting-edge innovation, we need to be asking the question – is government doing enough to support UK defence?