Bae Systems Share Discussion Threads

[rodbender1] 09/1/2024 13:34

It will be interesting to see if the Saudi's still have an interest in Rafale.
Money is not a problem but manpower to maintain another platform could be.
The annual Defense Show in Saudi starts in February. Could an order either way be announced then. Time will tell!

[ribblewader] 09/1/2024 11:44

Wad, I agree with you, when talking about those nations one is not much better than the other. I still think these will get to £15 ps, eventually. How many ATHs do you need?

I see the small boy is still trying.......

ohdearohdearohdear
9 Jan '24 - 10:42 - 5146 of 5146 (Filtered)

[ohdearohdearohdear] 09/1/2024 10:42

None of this is about ethics. Anybody who thinks the West is in any way more ethical than other parts of the world really needs to brush up on their history. This is all about money, power and influence and the last dying thrashes of the Empire of the West before the Empire of the East comes into being.

It is in these final thrashes that companies such as BAES will take full advantage. And that is why we invest here. To make money. Nothing is about ethics.

[ribblewader] 09/1/2024 09:09

Germany has dropped its opposition to the sale of Eurofighter Typhoon jets to Saudi Arabia, which could unlock a lucrative deal for BAE Systems.

The defence giant signed a memorandum of understanding to sell the kingdom 48 of the aircraft – a cornerstone of UK defence exports which supports thousands of jobs – back in 2018 for a reported £5billion.

[geckotheglorious] 09/1/2024 08:59

"Boost for BAE as Germans finally give the green light to £5bn Saudi Typhoon jet deal"
The defence giant signed a memorandum of understanding to sell the kingdom 48 of the aircraft – a cornerstone of UK defence exports which supports thousands of jobs – back in 2018 for a reported £5billion.
But the sale of the jets has been held up for years due to objections from Germany – one of four countries behind the Eurofighter Typhoon programme alongside the UK, Italy and Spain.

Berlin has vetoed the deal amid concerns about Saudi Arabia’s conduct of its war against Houthi rebels in Yemen as well as the murder of journalist Jamal Khashoggi in 2018.

However, foreign minister Annalena Baerbock said during a trip to Israel: ‘We do not see the German government opposing British considerations for more Eurofighters for Saudi Arabia.’

[bartyb] 08/1/2024 23:18

BAE Systems, San Diego, California, has been awarded a $48,819,192 cost-plus-fixed-fee contract for research and development. This contract provides for the Insight integration effort to develop, mature, integrate, and extend the BAE Systems Insight System to support a wider variety of real-world operations with enhanced analytics, updated open systems frameworks, and improved capabilities. Work will be performed at San Diego, California, and is expected to be completed by April 9, 2029. This contract was a sole source acquisition. Fiscal 2024 research, development, test and evaluation funds in the amount of $892,907 are being obligated at time of award. The Air Force Research Laboratory, Wright-Patterson Air Force Base, Ohio, is the contracting activity (FA2377-24-C-B002).ARMY

[ohdearohdearohdear] 08/1/2024 08:19

"Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom."

[tournesol] 07/1/2024 10:19

According to Associated Press, China has imposed sanctions on a number of "American" arms companies, including BAESee https://apnews.com/article/china-us-taiwan-sanctions-arms-sales-a2cc4dd00ad8982aa1c67594e1a1c19c

[blippy3] 05/1/2024 19:18

@PJ I own the first 3 of the shares on the list, so I hope they're right.

[pj84] 05/1/2024 19:03

One of HL's 5 shares to watch

BAE Systems

BAE Systems sits in a key space in the defence market, helping the group to comfortably outperform the broader market over 2023. November’s trading update repeated its full-year targets, with sales and underlying operating profits expected to grow 5-7% and 6-8% respectively.

Demand for BAE’s products and services has flown in over 2023, adding more than £30bn to the order book at the last count. And with raised tensions in the Middle East, we expect this figure will be higher by year-end.

This backlog of work gives good revenue visibility, but keep in mind that profitability hinges on predicting future costs. Longer-term contracts mean the risks and costs can change over time, so there’s plenty of trip hazards if the group loses focus.

The big story of the year was its $5.55bn acquisition of Ball Aerospace, which looks like a good fit to us. Ball has unique positions in critical space and nuclear deterrence technologies. Clearance is moving along and the deal’s set to complete in the first half of 2024.

Initial expectations were that this would add more than $2bn to BAE’s annual revenues. But if expertise and resources can be used effectively, we see that figure potentially rising by two or three times as much, although there are no guarantees. BAE Systems is still one of our preferred names in the sector heading into the new year.

[pj84] 05/1/2024 09:58

BAE Systems strikes howitzer deal with US army

The company will produce titanium structures for the M777 weapon

BAE Systems is to restart the production of structures for its M777 lightweight howitzer after it signed an initial deal worth up to $50 million with the US ­army for the weapon, which has been given to Ukraine.

...

“This restart of production of the major structures for the US army’s M777s comes at a critical time, with howitzers deployed on operations in Ukraine,” John Borton, vice-president and general manager of BAE Systems Weapons Systems UK, said.

“The M777 will remain at the forefront of ­artillery technology through the use of technical insertions, long-range precision guided munition developments, and flexible mobility options.”

[ribblewader] 05/1/2024 09:14

BAE Systems has signed an agreement with the U.S Army for M777 lightweight howitzer major structures, under an Undefinitised Contract Action (UCA), which is currently limited to $50 million.

This allows BAE Systems to start delivering on the program while finalising the details of the contract and its total value with the customer.

[ruffj] 04/1/2024 11:18

Possibly not directly related but speaks of the times:

[ohdearohdearohdear] 03/1/2024 14:49

What will send this even higher isn't the replenishment of Ukrainian ammo, but significant Typhoon wins. This quarter is quite important in that respect I reckon.

[blippy3] 02/1/2024 10:15

Kyiv under attack. More highs to come, I'd say.

[ribblewader] 02/1/2024 09:41

wad, was the ATH part of your New Year wish?
I see the potty mouth has been let off his potty training, I wonder if he has anything of value (or sense)to say. Perhaps he should create his own thread.

[wad collector] 02/1/2024 09:17

I do believe we are starting the New Year with an ATH....

[ohdearohdearohdear] 01/1/2024 15:20

Macabre? Wasn't there any conflict before BAE Systems? It is a sad fact that the boys with the biggest toy guns don't get bullied. Empires wax and wane. The empire of the West is waning. Without companies such as BAE Systems, it would already have waned. The Empire of the East is looming. Crack out the Mandarin on duolingo.

[pj84] 31/12/2023 10:48

Laith Al-Khalaf — BAE Systems

It’s a rather macabre fact that conflict is good news for defence companies. Over the past two years, BAE Systems’ share price has nearly doubled, bolstered by increased military spending amid the war in Ukraine. And continued uncertainty will probably keep BAE busy next year; it was awarded a £4 billion contract in October to build submarines for Australia to counter Chinese dominance in the Pacific. Add to that fears over a conflict with Taiwan and the weapons manufacturer will not be short of work.

BAE has also used its cash to go on a shopping spree — snapping up the US manufacturer Ball Aerospace, which should line it up for plenty of work with Nasa in the future.

The world appears to be in an era of increased defence spending, and BAE will be among those reaping the rewards.

[ribblewader] 29/12/2023 18:29

chief and wad, to miss quote DelBoy, this time next year we'll all be ?....

[wad collector] 29/12/2023 17:43

Ah well never quite made that ATH , but as you say , next week is promising....

[chiefbrody] 28/12/2023 16:47

Need a big rise tomorrow to reach ATH territory. Not impossible but very unlikely. Might have to wait until next week lol.