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BAE SYSTEMS PLC S/ADR - BAESY STOCK NEWS

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BAE Systems PLC S/ADR (BAESY) is a global defense, security, and aerospace company that delivers a full range of products and services for air, land, and naval forces, as well as advanced electronics, security, information technology solutions, and support services.

The company recently secured a $79 million contract from the U.S. Marine Corps to build production representative test vehicles for the Amphibious Combat Vehicle Recovery (ACV-R) variant. The ACV-R will provide field support, maintenance, and recovery for the ACV family of vehicles, enhancing the Marine Corps' expeditionary capabilities.

BAE Systems' dedication to innovation, quality, and reliability has positioned it as a leader in the defense industry, with a strong focus on supporting military readiness and national security.

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Mangata Networks has selected Scotland for its research and development, satellite manufacturing, and core network operations, creating 575 new jobs backed by £83.7 million in funding. The facility at Prestwick International Aerospace Park will manufacture and test over 24 satellites every three months. The funding package includes £54.5 million from Scottish Enterprise and £29.2 million from the Ayrshire Growth Deal, repayable over 15 years. This development is expected to position Scotland as a key player in the global space market.

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BAE Systems (BAESY) has partnered with Elbit Systems of America, Curtiss-Wright Corporation, and QinetiQ Limited to design the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV). The collaboration aims to create a next-generation combat vehicle that meets the Army's needs for speed, agility, and survivability. The proposal has been submitted, featuring Elbit's advanced 50mm Unmanned Turret and a Modular Open Systems Architecture for rapid technology updates. BAE's experience with Hybrid Electric Drive technology will further enhance the vehicle's capabilities.

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BAE Systems has successfully completed ground-to-air test firings of its 70mm rockets guided by APKWS® kits, achieving a perfect success rate against Class-2 unmanned aerial systems in Southern Arizona. Five APKWS-guided rockets were fired, destroying all targets, showcasing efficient countermeasures against increasingly common militarized drones without relying on costly missiles. The precision and flexibility of these munitions can meet evolving mission needs, with production facilities located in Hudson, New Hampshire, and Austin, Texas.

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BAE Systems has partnered with Microsoft to integrate Azure cloud technologies into its Pioneer™ wargaming platform, enhancing simulation realism and decision-making capabilities for customers. This collaboration will utilize advanced cloud computing services, facilitating co-reasoning between humans and machines across various domains, including land, air, sea, space, and cyber. The integration is expected to bolster BAE's modeling and simulations ecosystem, delivering critical analytics and immersive environments.

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BAE Systems has successfully tested its APKWS® laser-guidance kits that utilize High-Explosive Anti-Tank Anti-Personnel Anti-Materiel (HEAT/APAM) warheads. All test rockets achieved direct hits on armored targets, showcasing their precision and versatility for engaging various threats. These guidance kits can convert unguided rockets into smart munitions, offering enhanced strike capabilities against both armored and unarmored targets. They are compatible with existing Hydra rocket components and require minimal training to use.

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BAE Systems has been awarded a $17 million contract by the Air Force Research Laboratory to develop AI capabilities in air operations planning. This initiative, part of the Fight Tonight program, aims to enhance the speed and efficiency of planning complex air attack operations. Using an interactive, game-like interface, the technology will enable planners to quickly generate and assess multiple operational plans, significantly reducing planning time from hours to minutes.

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BAE Systems has secured £80 million in contracts to continue servicing and supporting the Eurofighter Typhoon aircraft's avionics for the air forces of Germany, Spain, the UK, and Italy over the next five years. This agreement ensures ongoing service for key avionics equipment, including displays and flight controls, enhancing mission readiness. The avionics support team is embedded within the Typhoon Total Availability Enterprise contract, ensuring timely repairs and operational efficiency for the customer.

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Firefly Aerospace has appointed Dan Fermon as Chief Operating Officer (COO) to drive rapid expansion. Fermon, a veteran in aerospace, has been with Firefly since May 2022. Under his leadership, the company aims for six Alpha launches in 2023 and twelve in 2024 while enhancing facilities in Texas, California, and Florida. Additionally, Justin Siebert has joined as Vice President of Operations, with significant experience from BAE Systems. The company continues to secure contracts, including recent milestones with the US Space Force and NASA.

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BAE Systems Combat Mission Systems recognized AMZ Manufacturing Corp. and Leading Technology Composites Inc. as Suppliers of the Year at its annual ‘Partner2Win’ Symposium on November 1, 2022. This event celebrated suppliers for their high performance and global competitiveness. A total of 25 Supplier of the Year awards and 34 ‘Partner2Win’ medals were presented, highlighting the company’s commitment to delivering quality combat systems. This initiative emphasizes BAE's dedication to safety, partnership, and innovation.

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FAQ

What is the current stock price of BAE SYSTEMS PLC S/ADR (BAESY)?

The current stock price of BAE SYSTEMS PLC S/ADR (BAESY) is $67.11 as of November 22, 2024.

What is the market cap of BAE SYSTEMS PLC S/ADR (BAESY)?

The market cap of BAE SYSTEMS PLC S/ADR (BAESY) is approximately 49.2B.

What does BAE Systems PLC S/ADR do?

BAE Systems is a global defense, security, and aerospace company offering products and services for air, land, and naval forces, advanced electronics, security solutions, IT services, and support.

What recent contract did BAE Systems secure?

BAE Systems recently secured a $79 million contract from the U.S. Marine Corps to build production representative test vehicles for the Amphibious Combat Vehicle Recovery (ACV-R) variant.

What is the focus of the ACV-R variant?

The ACV-R variant provides field support, maintenance, and recovery for the ACV family of vehicles, enhancing the Marine Corps' expeditionary capabilities.

Where is BAE Systems' ACV-R production and support taking place?

ACV-R production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania.

What sets BAE Systems apart in the defense industry?

BAE Systems' dedication to innovation, quality, and reliability has positioned it as a leader in the defense industry, with a strong focus on supporting military readiness and national security.

BAE SYSTEMS PLC S/ADR

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BAESY Stock Data

49.24B
755.04M
2.62%
Aerospace & Defense
Industrials
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United States of America
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