Bae Systems Share Discussion Threads

[ribblewader] 06/4/2020 08:11

Partial recall to work at Warton & Samlesbury today.

[ribblewader] 04/4/2020 17:51

Markets are down but news keeps rolling in....

BAE Systems Information and Electronics Systems has been awarded a $77.4 million contract.

The contract is to procure 1,464 radio frequency countermeasures as well as the maintenance and repair of multi-function test stations in support of the F-35 aircraft for the Air Force, Navy, Marine Corps and Foreign Military Sales customers.

[crossing_the_rubicon] 04/4/2020 10:52

If they're deferring the divi, BOD should take a pay cut.

[ribblewader] 04/4/2020 08:25

HMS Tamar, the fourth of five new River Class Offshore Patrol Vessels being delivered by BAE Systems for the Royal Navy, arrived in her home port of Portsmouth this week.

[waldron] 04/4/2020 06:42

The Times: BAE Systems has said that it has no plans yet to cut its directors’ pay and has deferred an upcoming payment of a £400 million dividend to shareholders.

[ribblewader] 03/4/2020 16:14

U.S. Navy awards $200 Million contract to upgrade USS Boxer

BAE Systems has received a $200.3 million contract from the U.S. Navy to drydock and perform nearly 18 months of maintenance and modernization work aboard the amphibious assault ship USS Boxer (LHD 4)

[crossing_the_rubicon] 03/4/2020 14:17

It's unclear yet if these involve BAE's supply chains or customers.
The extent of the damage could depend on how much governments are willing to financially support defence contractors, but at this stage it's hard to say for sure.

The group's in the business of manufacturing and delivering heavy duty military equipment - think fighter jets and aircraft carriers. If the outbreak causes a very severe economic downturn, governments may decide to rein in spending, which could knock some of the wind out of BAE's sizeable revenues.

But we think there are reasons for optimism. A significant portion of existing defence contracts will be deemed critical and should go ahead as normal. That gives the group a great level of visibility over its multi billion pound order book and revenues.

BAE has been enjoying the spoils of President Trump's ramped up defence spending in recent years. The US government is a very good customer to have in our view. Although we're mindful the current US administration hasn't always been the most consistent on policy.

Other nations have been ramping up spending too. After some tough years in global defence markets, BAE has finally seen several large orders come through. Qatar, Canada, and Australia have called on BAE to boost their air forces and navies.

And BAE isn't just about mammoth pieces of kit.

The Cyber & Intelligence business should be an important driver for future growth.
The more tech-savvy warfare of the future is also behind BAEs efforts to bolster its second biggest division, Electronic Systems. This department produces "commercial and defense electronics for flight", as well as systems used in electronic warfare, surveillance and communications intelligence.

This area is set to be boosted by the $2bn acquisition of Collins Aerospace's Military GPS business, and Raytheon's Airborne Tactical Radios division. The deal would also increase exposure to American end markets and present an opportunity for cost savings. BAE wouldn't want to see the deals jeopardised. To that end it makes sense to delay a decision on the dividend. The move preserves about £443m of cash, adding a layer of protection in the current climate.

We should point out cashflow is a thorn in BAE's side, and coronavirus isn't helping. It's good BAE still plans to honour a new pension deficit payment plan which should help, but it's one to watch. There's also lingering tension with Saudi Arabia which could threaten a £10bn deal to sell The Kingdom a further 48 Eurofighter Typhoon jets.

Overall BAE's provision of critical services means it's in a defensive position, and we don't think the outbreak has changed its long-run attractions. But we can't rule out ups and downs in the near term. The extent of the damage will depend how long current conditions last, and the amount of the pressure on national budgets.

[crossing_the_rubicon] 03/4/2020 09:31

Deferred means "not paid" till a point in the future.

So cancelled NOW, may or may not be paid in the future.

For investors that is "gone" as their cashflow is impacted now.

[ribblewader] 03/4/2020 08:59

Header updated!

[ribblewader] 03/4/2020 08:04

Final Dividend Payment, Executive Director Remuneration and AGM

The liquidity and business profile of the Group is strong. This remains however reliant on the goodwill of our customers and the financial strength of our supply chain to maintain the drumbeat of production commitments both now and in the future.

Against a background of significant government and social challenges, and the uncertainty as to the duration of the resulting disruption, the Board believes it is in the Company`s best interests, having regard to all our stakeholders’ interests, to defer the decision on the 13.8 pence per share dividend proposed by the Board when announcing the Company’s 2019 results in February.

We recognise the importance of the dividend to our shareholders and whilst it remains our intention to pay a dividend, the timing of any payment will be contingent on prevailing macro-economic and social conditions over the coming months. An update on the dividend payment will be provided at the Half Year results on 30 July 2020, at which time the Board will also review remuneration of the Executive Directors.

The Company's AGM will be held on 7 May 2020 as scheduled. As public gatherings of more than two people are currently prohibited, shareholders (other than two senior executives) will not be able to attend the meeting in person. Shareholders will still be able to vote by proxy using the usual online and postal facilities. A poll will be taken on each of the resolutions put to the meeting and the results will be posted on the Company website. Given the deferral of the proposed dividend payment, a resolution to approve a final dividend will not be put to Shareholders at the AGM.

[suetballs] 03/4/2020 07:44

Yes but it doesn't help investors' cashflow - all companies must be under pressure to suspends divids. Rename them covids!
Suet

[squidsgone] 03/4/2020 07:26

Doesn't say that.Deferred decision on payment, and intend to pay are the real words.

[suetballs] 03/4/2020 07:17

Another dividend gone.
Suet

[ribblewader] 02/4/2020 07:59

Japan rejects foreign plans for next-generation fighter

The US offer is known to include a 'hybrid' of technologies and design features from the Lockheed Martin F-22 Raptor multirole fighter and the F-35 Joint Strike Fighter, although companies including Boeing and Northrop Grumman also responded to the RFIs and would likely play a role in an inter-government project.

The UK partnership offer would be led by BAE Systems but would similarly involve other UK companies. This would be framed around some of the technologies and design features of the Tempest conceptual fighter that the UK is planning to develop

[ribblewader] 01/4/2020 12:20

UK stands-up ‘swarming drones’ development unit

The UK Royal Air Force (RAF) has stood-up an experimental unit dedicated to developing an operational ‘swarming drones’ capability, the Ministry of Defence (MoD) told Jane’s

216 Squadron was reactivated at RAF Waddington in Lincolnshire on 1 April, the MoD said. Previously, the ministry explained that the unit will be tasked with bringing the RAF’s “ambitious” swarming drones capability into service and continue its development.



216 Sqn operated Tri-Star Pax/AAR aircraft @ Brize Norton before it was disbanded in about 2014

[ribblewader] 31/3/2020 12:24

Covid-19: BAE Systems reduces manning at UK nuclear submarine yard

BAE Systems has reduced the number of personnel working in its UK nuclear submarine building yard in Barrow-in-Furness from 9,500 to 750 to mitigate the risks from Covid-19 infections among its staff.

[ribblewader] 31/3/2020 08:37

Farnborough Air Show canceled due to Coronavirus

[ribblewader] 30/3/2020 07:19

The Government has today asked the VentilatorChallengeUK consortium, of which we’re a proud member, to begin the rapid production of ventilator systems in the fight against Covid-19.



Thanks dd.

[ribblewader] 28/3/2020 11:55

Germany reportedly moving toward a split buy of Super Hornets, Growlers and Eurofighter Typhoons to replace Tornado jets

The German air force will reportedly buy up to 90 Eurofighters, 30 F/A-18E/F Super Hornets and 15 EA-18G Growlers to replace the remainder of its Panavia Tornado fighter jet fleet, but the split procurement doesn’t offer an easy answer for Germany’s requirement to field a nuclear-capable jet, a U.K. defense think tank said.



An order for 90 Typhoons should take a while to assemble, no doubt in Germany.

[burnchat] 28/3/2020 09:39

Seems we are already behind the curve.

hxxps://www.nextbigfuture.com/2019/01/us-shift-to-missile-container-navy-would-be-six-times-more-cost-effective.html