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BA. Bae Systems Plc

1,296.00
9.00 (0.70%)
19 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
  9.00 0.70% 1,296.00 1,294.50 1,295.50 1,306.00 1,281.00 1,286.50 6,744,265 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft 23.23B 1.86B 0.6133 21.11 39.19B

Growing Demand for Precision Weapons Prompts Order for Additional BAE Systems Laser-guided Rockets

12/06/2017 2:00pm

Business Wire


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The U.S. Navy has awarded BAE Systems a $180.5 million contract to continue producing Advanced Precision Kill Weapon System (APKWS™) laser-guided rockets to meet the growing U.S. and international demand for the systems.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170612005200/en/

BAE Systems’ APKWS™ laser-guided rockets, which are fired from fixed- and rotary-wing platforms, deliver cost-effective precision strikes with reduced potential for collateral damage. (Photo: BAE Systems)

APKWS rockets are seeing increasing use in theater because they deliver cost-effective precision strikes with reduced potential for collateral damage. The latest order, which is funded under the recently announced indefinite delivery / indefinite quantity contract, will help BAE Systems to meet increased demand.

“We’re delivering ahead of schedule even with the growing demand,” said Rachel Guill, director of Precision Guidance Solutions at BAE Systems. “Our APKWS rockets are critical to the mission success of our U.S. government and allied nation customers. This high-quality, reliable product is easy to use and provides accurate strike capability at a fraction of the cost of other precision munitions.”

APKWS laser-guided rockets allow militaries to leverage existing munitions and weapons systems investments with minimal effort and training. The APKWS mid-body guidance kit transforms standard unguided Hydra 70 (2.75-inch) rockets into highly accurate precision munitions by easily screwing into place between the warhead and the motor.

The exceptional accuracy of the APKWS laser-guided rocket makes it extremely versatile to address various missions, and its modular design enables streamlined deployment on fixed- and rotary-wing platforms. The technology is available to international customers through the U.S. Foreign Military Sales (FMS) program.

More information about the APKWS rocket can be found at www.baesystems.com/apkws.

BAE SystemsMark Daly, +1 603-885-1144mark.g.daly@baesystems.comwww.baesystems.com/US@BAESystemsInc

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