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BA. Bae Systems Plc

1,340.00
20.00 (1.52%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  20.00 1.52% 1,340.00 1,344.00 1,345.00 1,345.50 1,307.00 1,323.50 6,811,306 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft 23.23B 1.86B 0.6133 21.91 40.69B

BAE Systems to Continue Eight-year Streak of Providing U.S. Air Force Sustainment and Obsolescence Management Services

05/02/2018 2:00pm

Business Wire


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BAE Systems has secured a three-year, $37 million U.S. Air Force contract to continue providing support services that manage obsolete parts for aircraft, weapon systems, and a range of electronics and equipment. The company has held this contract for the past eight years with the Air Force’s Strategic Alternative Sourcing Program Office.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180205005184/en/

Under a $37 million contract, BAE Systems will continue providing the U.S. Air Force with support services that manage obsolete parts for aircraft, weapon systems, and a range of electronics and equipment. (Photo: U.S. Air Force)

Under the new award, BAE Systems’ Advanced Component Obsolescence Management (AVCOM) will continue to help users forecast when parts that are used in Air Force systems and platforms will become obsolete. With access to a database comprised of millions of parts and part types, AVCOM also assists logistics supply mangers in identifying additional suppliers when needed, as well as suitable replacement parts available across the marketplace. AVCOM helps the Air Force be more proactive in reducing sustainment costs, while helping to mitigate potential redesigns caused by changes in part availability or obsolescence.

“We help our customers anticipate, manage, and sustain any system, to maximize its effectiveness throughout its life cycle,” said Al Whitmore, president of BAE Systems’ Intelligence & Security sector. “AVCOM offers assurance that the parts and raw materials Air Force personnel need are available, and it gives them ample time to address potential risks of shortages before problems arise.”

AVCOM has supported a number of Air Force programs with obsolescence management since 1991. Work on the latest award will be performed at the company’s facilities in Florida, Georgia, Oklahoma, and Utah, and will support Air Force operations worldwide.

BAE Systems delivers a broad range of solutions and services including intelligence analysis, cyber operations, IT, systems development, systems integration, and operations and maintenance to enable militaries and governments to recognize, manage, and defeat threats. The company takes pride in supporting critical national security missions that protect the nation and those who serve.

BAE SystemsCharles Ratzer, 703-321-6342charles.ratzer@baesystems.comwww.baesystems.com/US@BAESystemsInc

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