Bae Systems Share Discussion Threads

[rodbender1] 28/12/2023 15:49

I don't think the supply chain could keep up with 3 orders but I like your optimism.
I think we'll know more about a Saudi order in Q1. That cannot drag on much longer and a high level Saudi delegation has just been over to France. Nervous times !

[ohdearohdearohdear] 28/12/2023 14:36

Turkiye, KSA, Qatar Typhoon orders all in Q1.

[wad collector] 28/12/2023 10:43

So maybe we are going to see a new ATH before the year ends? It has been a good year for holders here, and some promising ides for next year...

[bartyb] 21/12/2023 23:04

BAE Systems Technology Solutions and Services Inc., Rockville, Maryland is awarded an $86,790,235 cost-plus-fixed-fee, cost reimbursable, indefinite-delivery/indefinite-quantity contract. This contract provides engineering and technical services to include, planning and analysis, engineering design, assimilation, kitting, production and verification, logistics and in-services support, and technical management in support of new and legacy Mobile Deployable (MD) Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (C5ISR) systems and platforms. These services are in support of providing MD C5ISR products comprised of small craft, transportable systems, en-route communication systems, and intra-platform systems for the Navy, Special Operations Forces, Homeland Security, and other Department of Defense (DOD) and non-DOD agencies. Work will be performed in Lexington Park, Maryland (46%); Little Creek, Virginia (32%); and St. Inigoes, Maryland (22%), and is expected to be completed in January 2029. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was competitively procured via an electronic request for proposal; two offers were received. Naval Air Warfare Center Aircraft Division, Patuxent River, Maryland, is the contracting activity (N0042124D0008

[pj84] 21/12/2023 09:20

Berenberg: BAE primed for another positive year

The outbreak of further global conflict means aerospace and defence group BAE Systems (BAES) is ‘primed for another good year’, says Berenberg.

Analyst George McWhirter retained his ‘buy’ recommendation and increased the target price from £11.70 to £12.20 on the Citywire Elite Companies AA-rated stock, which was trading at £10.79.

He said the group is ‘well placed to deliver a 10% earnings-per-share compound annual growth rate over the mid-term’.

‘The building blocks are a combination of mid- to high single-digit organic revenue growth, steady margin expansion and low single-digit accretion from the ongoing share buyback,’ he said.

‘As we look towards 2024, recent progress towards enacting the full-year 2024 US defence budget is positive, reducing the potential for a more protracted budget impasse, which was threatening to cause growing disruption to BAE’s US business – which is c.45% of revenue.’

McWhirter said the next catalyst for the shares will be the closing of the $5.6bn (£4.4bn) Ball Aerospace acquisition, which ‘we model to occur at the beginning of second half 2024, although we think a shorter timeline is possible’.

[wad collector] 19/12/2023 08:21

Ah they have corrected it. September 23 appeared twice.

[ribblewader] 19/12/2023 07:23

wad, not me! Have they fixed it since your 5115?

[wad collector] 18/12/2023 23:46

OK who else has spotted the deliberate error in the top r hand chart? Look at the months. I noticed it on other boards too.

[rodbender1] 18/12/2023 13:24

I doubt it. Need a Typhoon order to get it shifting into the stratosphere.
Maybe in the New Year!

[ribblewader] 18/12/2023 13:19

wad, how many ATH's do you want in a year?

[wad collector] 18/12/2023 10:03

Are we going to see a new ATH before the year ends? 2023 is not ending a safer place than it began, defence spending is going to remain high on the agenda with most of our allies.

[bartyb] 16/12/2023 07:43

BAE Systems, San Diego, California, is awarded a $21,997,212 firm-fixed-price contract for maintenance and repair services in support of the Self-Defense Test Ship during a Selected Restricted Availability maintenance period. Work will be performed in San Diego, California, and is expected to be completed by December 2024. Fiscal 2024 research, development, test and evaluation (Navy) funds in the amount of $21,997,212 will be obligated at time of award. This contract was competitively procured via the System for Award Management website, with two offers received. The Naval Surface Warfare Center Port Hueneme Division, Port Hueneme, California, is the contracting activity (N6339424C0002).

[thamestrader] 14/12/2023 09:11

Indeed. 1.265 about as high as its been for a while.
And if there's any hint today of UK rates not coming down for a while (or, heaven forbid, going up), it'll keep going that way.

[rech] 14/12/2023 09:04

@ thamestrader
It's reflecting the Strengthening of Cable overnight on expectation of an earlier FED rate cut. Lot of US$ revenue for BA.

[thamestrader] 14/12/2023 08:59

The only blob of red in a sea of blue today.

[ribblewader] 14/12/2023 08:46

The national defence industry leaders on the Global Combat Air Programme (GCAP) – Leonardo (Italy), Mitsubishi Heavy Industries (Japan) and BAE Systems (UK) - have warmly welcomed the signing of the Convention on the Establishment of the “Global Combat Air Programme - GCAP International Government Organisation (the GIGO)” by their respective governments.

Ministers from Italy, Japan and UK signed the treaty, which marks an important agreement in the shared design and delivery of a next generation fighter aircraft by 2035. The agreement, signed just 12 months since the formation of the GCAP programme, reinforces its momentum and the strong trilateral cooperation amongst the partners.......

...... Today’s GCAP announcement also confirmed the joint GCAP government headquarters will be hosted in the UK and the first CEO will come from Japan. In addition, the future business construct will also be headquartered in the UK and the first leader will be from Italy.

[dannytattersall] 13/12/2023 08:27

I wish that they'd stop inviting the Italians to join these multi-national projects. They are clueless.

[pj84] 12/12/2023 09:28

"BAE Systems has been awarded $35 million from the US government to quadruple production of the semiconductor chips used in F-35 fighter jets.

The announcement is the first from the $52.7 billion “Chips for America” semiconductor manufacturing and research subsidy programme that is designed to increase US chip production, amid concerns about an over-reliance on Asia."

[ribblewader] 08/12/2023 08:29

U.S. Marine Corps orders more Amphibious Combat Vehicles from BAE Systems

[pj84] 05/12/2023 22:58

Grant Shapps speaking about UK's continuing support for Ukraine on tonight's ITV news at Ten, with BAE featuring on supplying arms to Ukraine on behalf of UK.

[ribblewader] 05/12/2023 08:45

Thousands of new apprenticeships and graduate jobs announced at UK’s biggest defence company

5 Dec 2023
BAE Systems is set for another record-breaking recruitment drive in 2024 with almost 2,700 new apprentice and graduate opportunities available to young people across the UK.
The Company has more than doubled its early careers intake in the past five years, making a significant contribution to the UK economy and offering more young people than ever the prospect of exciting long-term careers supporting the nation’s armed forces and security services.