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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bae Systems Plc | LSE:BA. | London | Ordinary Share | GB0002634946 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.50 | 0.27% | 1,323.50 | 1,323.50 | 1,324.50 | 1,330.50 | 1,322.00 | 1,323.50 | 269,687 | 08:14:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Aircraft | 23.23B | 1.86B | 0.6133 | 21.52 | 39.97B |
BAE Systems has received a contract from Lockheed Martin to ensure the readiness of critical electronic warfare (EW) systems on the F-35 Lightning II fighter aircraft. Under the five-year contract, BAE Systems will manage the supply chain and establish the infrastructure necessary to make sure the systems are mission capable and available to warfighters.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180522005232/en/
BAE Systems has received a contract from Lockheed Martin to ensure the readiness of electronic warfare systems on the F-35 Lightning II fighter aircraft. (Photo: U.S. Air Force, Airman 1st Class Caleb Worpel)
“As a leader in EW systems for the world’s most advanced aircraft, we understand how critical readiness is for our customers,” said Betsy Warren, director of F-35 Sustainment at BAE Systems, Inc. “We’ll ensure that the F-35 EW supply chain is in place for Lockheed Martin and the Department of Defense.”
The EW suite for the F-35, called the AN/ASQ-239 system, protects the aircraft with advanced technology for critical missions. The system’s advanced avionics and sensors provide a real-time, 360-degree view of the battlespace, helping to maximize detection ranges and provide the pilot with options to evade, engage, counter, or jam threats.
Under the contract, BAE Systems will maintain regional warehouses with on-hand inventories of critical EW components to improve fill rates and reduce wait times. The company will also establish various metrics that will be used to further strengthen confidence in the supply chain.
This F-35 sustainability work is based on performance-based logistics (PBL), a cost-effective, outcome-based support strategy that focuses on system readiness. BAE Systems has more than a decade of PBL experience with the U.S. Air Force, U.S. Navy, and multiple public-private partnerships that support U.S. military systems, as well as more than five years of experience with F-35 sustainment and international maintenance support.
For more information about BAE Systems electronic warfare systems, visit: www.baesystems.com/EW.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180522005232/en/
BAE SystemsMark DalyOffice: +1 603-885-1144Mobile: + 1 603-233-7636mark.g.daly@baesystems.comwww.baesystems.com/US@BAESystemsInc
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