BAE SYSTEMS PLC S/ADR - BAESY STOCK NEWS

Verified Market Research recently released a report on the Aerospace And Defense Telemetry Market, highlighting a growth from USD 1,415.27 Million in 2021 to an anticipated USD 2,494.51 Million by 2030, achieving a CAGR of 6.50% from 2023 to 2030.

The report emphasizes the increasing demand for telemetry in military applications, driven by advancements in communication infrastructure and growing security concerns. Key players include BAE Systems, Honeywell, and Zodiac Aerospace. The study provides insights into market segmentation by type, application, and geography, offering a comprehensive understanding of trends and competitive dynamics.

The Global Trade Management Market, as outlined in a report by Research and Markets, is projected to grow from USD 0.9 billion in 2022 to USD 1.3 billion by 2027, reflecting a CAGR of 6.4%. This growth is driven by increasing international trade complexities and digitalization trends. The trade function segment is expected to capture a significant market share, while professional services will also contribute notably. Europe, being the world's largest single market, is anticipated to hold the second-largest market share. Major drivers include government regulations and consumer expectations for speedy delivery.

Dublin, Jan. 13, 2023 /PRNewswire/ -- ResearchAndMarkets.com has added the 'Industrial Tubes Global Market Report 2022' to its offerings. The global industrial tubes market is projected to grow from $494.31 billion in 2021 to $544.15 billion in 2022, reflecting a 10.1% CAGR, and further to $715.36 billion by 2026 at 7.1% CAGR. Major players include BAE Systems, Honeywell, and GE Aviation. Asia Pacific led the market in 2021 and is expected to remain the fastest-growing region. The rise in the oil and gas sector is a significant factor driving growth, along with technological advancements in product development.

The Global Unmanned Ground Vehicle (UGV) Market is projected to grow from US$ 2.16 billion in 2022 at a CAGR of 17.7% to reach US$ 4.68 billion by 2030. North America currently leads with a market value of US$ 0.79 billion, while the Asia Pacific region is expected to experience the highest growth at 22.3% CAGR. This growth is driven by military modernization investments and increasing applications of UGVs in defense and security. The report also highlights the evolving technologies and competitive landscape within the industry, with key insights into system segments, regional spending trends, and future opportunities.

The global defense cyber security market is projected to grow from $21.3 billion in 2021 to $43.4 billion by 2031, at a 7.7% CAGR. Key growth drivers include rising cyber threats to critical infrastructure, technological advancements, and increasing defense IT expenditure. The military segment held the largest share, contributing over one-third of the market in 2021, while endpoint security dominated in type. North America led the market, capturing nearly one-third of the share, but Asia-Pacific is expected to record the fastest growth at 9.2% CAGR.

BAE Systems has secured a $12 million Phase 2 contract from the Air Force Research Laboratory to advance a multi-mode seeker under the Maritime Weapon Innovation Program. This initiative, known as QUICKSINK, aims to enhance maritime targeting capabilities using a cost-effective precision-guided munition kit. The project focuses on prototyping and testing the seeker system, ensuring it meets operational requirements for air-delivered maritime surface vessel defeat.

BAE Systems has secured a $119.2 million contract from the U.S. Navy for significant modernization of the Arleigh Burke-class destroyer USS Lassen (DDG 82). If all options are exercised, contract value may reach $137.9 million. The Jacksonville shipyard will conduct a seven-month dry-dock maintenance period beginning in January 2023, including upgrades to engineering spaces and command equipment, expected to conclude in April 2024. This project aims to enhance the vessel's operational capabilities.

BAE Systems has extended its collaboration with the MATHCOUNTS Foundation by becoming the 2022-2023 Lead Sponsor of the Northeast Region. The company is investing nearly $400,000 to enhance math and problem-solving skills among middle school students. This partnership will support programming in eight states, covering expenses like content creation and participation in national competitions. MATHCOUNTS aims to foster a love for mathematics among students, crucial for future success in STEM fields.

Leonardo DRS, Inc. (Nasdaq: DRS) has appointed Dr. Louis Reginald 'Reggie' Brothers to its Board of Directors, effective January 1, 2023. Dr. Brothers, an expert in advanced technologies, will also serve on the Audit Committee. His extensive background includes over 25 years in the defense and technology sectors, and he previously held leadership roles at BigBear.ai and the U.S. Department of Homeland Security. The company aims to leverage Dr. Brothers' experience to enhance its strategic growth and innovation efforts for U.S. and allied defense capabilities.