Bae Systems Share Discussion Threads

[geckotheglorious] 22/12/2022 10:33

I'm even more pessimistic than Tournesol.
War is coming. It will morph from the current proxy war into a full blown WW3.
Defence spending is soaring,and will continue to remain elevated, everyone is re-arming for what they know is coming.

We will soon enter a war economy where production will rapidly shift to producing primarily for the war machine.

[ribblewader] 22/12/2022 09:34

The Czech Republic, Sweden, and BAE Systems have signed a non-binding Memorandum of Understanding (MoU) that provides a framework for negotiations of an agreement to deliver CV90 combat vehicles to the Armed Forces of the Czech Republic.

[ribblewader] 22/12/2022 09:21

tournesol, unfortunately I think your right!

[tournesol] 22/12/2022 07:05

And of course Russia is not the only aggressive bully in town. There's China too as well as smaller players like Iran. IMHO defence spending will be raised around the world over the next few years. And will stay high for a long time.

[tournesol] 22/12/2022 07:02

"...We all know that the defence r tshares will correct during 2023 when there is peace in sight with Russia...."I disagree. I think the unexpected and irrational aggression by Putin has triggered a paradigm shift. Previously defence was not essential. Now it is. And not only for the countries which have always had significant armed forces, but also for those with more pacifist tendencies.

[boomorbust1] 22/12/2022 02:00

To add, some brokers are forecasting an share price in the £10 area, if that turns out to be true then BAE are still buying at a good price.

[boomorbust1] 22/12/2022 01:57

On the one hand yes, if or when the share price retreats it will seem that BAE have eroded their value by buying at the top. On the other hand as RibbleWader says the buyback was announced before the Ukraine conflict, and if BAE were to announce that they were halting the buyback because of the share price that would indicate to the market that BAE themselves think the share price is to high - not a good sign to project.
Pleased though that I bought in heavily early 2021 when the market was in turmoil and there was 'blood on the streets' rather than when there was blood in Ukraine.

[ribblewader] 21/12/2022 23:43

The share buy back was agreed last year, well ahead of events in Ukraine. The total value of the buy back was also agreed. The funds have been allocated IAW financial rules.

[yf23_1] 21/12/2022 23:25

True, companies always buy in shares too late.
Might be something to do with executive share options.
It always pays to be cynical, as with politicians.

[gurunostradamus] 21/12/2022 21:25

How long will the management keep buying these shares. Money could be spent in a better way. We all know that the defence shares will correct during 2023 when there is peace in sight with Russia. The management could have bought these at around £6 rather than wasting shareholder money and buying these at the current price. I am most definitely a long term holder and look forward to the dividend but I do not agree with this short sighted share purchase scheme at these all time high share price. They could have declared a special dividend!

[chiefbrody] 21/12/2022 16:35

All time high?

[ribblewader] 19/12/2022 07:57

In the UK, BAE Systems is set to hire more than 2,600 new apprentices and graduates in 2023.
Representing a 43% increase on this year’s early careers intake, the announcement reinforces the Company’s commitment to invest in the next generation, equipping young people across the UK with the skills they need to succeed in the workplace. 
 
The majority of roles will be based in the North of England, with opportunities also available across the South of England, Scotland and Wales, supporting the UK Government’s aspiration to put education at the heart of plans to stimulate economic growth. 

[ribblewader] 16/12/2022 08:52

Sweden, Germany, and the United Kingdom have reached an agreement with BAE Systems to purchase 436 BvS10 all-terrain vehicles.
The joint procurement, worth $760 million, is in support of Arctic operations for the Collaborative All-Terrain Vehicle (CATV) program.

[ribblewader] 16/12/2022 08:50

The first pressure hull unit for Boat 1, the future HMS Dreadnought, has been transported to the Devonshire Dock Hall in Barrow for outfitting before being integrated into the finished submarine.

[ribblewader] 14/12/2022 08:43

BAE Systems will perform maintenance and modernization on the U.S. Navy’s amphibious assault ship USS Kearsarge starting in April 2023

BAE Systems has received a $294.7 million contract from the U.S. Navy to drydock and perform more than 20 months of maintenance and modernization work on the amphibious assault ship USS Kearsarge (LHD 3). The contract includes options that, if exercised, would bring the cumulative value to $340.3 million. 

Under the awarded contract, the maintenance availability of USS Kearsarge will begin in April. Starting in June, the 843-foot-long ship will be drydocked for nearly a year at BAE Systems’ Norfolk shipyard. The shipyard will perform extensive hull, tank, and mechanical work, rehabilitate all crew and embarked Marine living compartments onboard, and inspect the ship’s boilers. BAE Systems is expected to complete work aboard the 29-year-old ship in January 2025. 

[ribblewader] 12/12/2022 14:23

Slovakia signs $1.37 billion deal for 152 CV90s under government-to-government agreement

As part of a government-to-government agreement between Sweden and the Slovak Republic, the Ministry of Defence of the Slovak Republic has signed a $1.37 billion (€1.3 billion) agreement for the delivery of 152 CV9035 infantry fighting vehicles (IFVs) from BAE Systems.

[squidsgone] 12/12/2022 09:06

Great news. It is way more difficult to cancel a multi-nation programme. Wouldn’t surprise me if Germany wasn’t looking to move away from having France as their partner.

[tournesol] 09/12/2022 10:42

Thanks for keeping us all so well informed. Much appreciated.

[yogi] 09/12/2022 08:46

https://www.flightglobal.com/defence/italy-japan-and-uk-confirm-joint-gcap-fighter-development-pact/151283.articleNext steps announced ..

[chiefbrody] 09/12/2022 05:25

Could be. Maybe light trading over Xmas and the continual buybacks. Do find it a bit crazy they they're doing buybacks at all time high share price though.

[ribblewader] 06/12/2022 15:12

Is this building up pressure for a crack at £8.50?