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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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BAE Systems has opened a new facility in Cedar Rapids, Iowa, dedicated to its Navigation and Sensor Systems (NSS) business, specializing in advanced GPS technology. The state-of-the-art facility, measuring 278,000 square feet, represents an investment of over $100 million and will house more than 800 employees. This site will enhance collaboration and efficiency in producing technology crucial for military operations. The company’s strategic expansion includes similar facilities in Austin, Huntsville, and Manchester.

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Allison Transmission will provide its 3000 Specialty Series™ transmission for the U.S. Army's Cold Weather All-Terrain Vehicle (CATV) program, enhancing troop mobility in extreme conditions. The Allison-equipped Beowulf vehicle, developed with BAE Systems, is designed for Arctic environments, successfully performing tasks at temperatures as low as -50°F, carrying 10,000-pound payloads, and navigating 60-degree slopes. This partnership illustrates Allison's commitment to providing reliable propulsion solutions for defense applications.

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Amprius Technologies, Inc. (NYSE: AMPX) has entered a three-year cooperation agreement with BAE Systems (OTC-PINK: BAESY) to develop high-energy batteries for electric flight applications. This partnership marks a significant step in utilizing Amprius' silicon nanowire anode technology in military products. Both companies aim to explore business opportunities in the UK, enhancing the potential of lightweight batteries in defense technologies. This agreement underscores Amprius' commitment to advancing its innovative battery solutions in rigorous applications.

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BAE Systems has secured a five-year, $143 million contract from the Naval Surface Warfare Center Dahlgren Division. This contract will provide management, engineering, maintenance, and IT support to the Surface Combat Systems Center for the U.S. Navy. The mission-essential systems supported by this contract are crucial for the modernization efforts of cruisers, destroyers, and amphibious ships. This initiative aims to enhance the Navy's operational readiness and capability in an increasingly complex maritime environment.

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BAE Systems has partnered with Supernal to design and develop a flight control computer for its electric Vertical Takeoff and Landing (eVTOL) vehicle. This lightweight, fly-by-wire system aims to enhance safety and efficiency in autonomous flight.

The collaboration will utilize BAE's expertise in flight-critical systems, with work being conducted in Endicott, New York. The new flight control system addresses the unique challenges of electric air taxis and aims to further sustainable aviation.

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BAE Systems has launched the Viper Memory Loader Verifier II, enhancing maintenance capabilities for F-16 aircraft by reducing cyber-attack vulnerabilities. This updated system features cyber-hardened mission capabilities and supports over 100 critical onboard systems, including radar and navigation. The Viper MLV II will be sold through Foreign Military Sales, with initial orders for six systems and potential follow-on orders for an additional 15. The system is already field-proven, with over 700 units in use by the U.S. Air Force and allied nations.

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The Royal Netherlands Army has unveiled the first upgraded CV90 infantry fighting vehicle during a ceremony at BAE Systems Hägglunds in Sweden. This event marks the completion of the initial vehicle in a 500 million euro upgrade program aimed at enhancing combat effectiveness. The upgrades include improved protection, firepower, and ergonomics, alongside advanced systems like an Active Protection System and a new turret. The upgrade contract, signed in January 2021, ensures the CV90s remain operational through 2039.

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BAE Systems has entered a long-term supply agreement with ElDorado National (ENC) to deliver its Gen3 propulsion and power management systems for battery electric and hydrogen fuel cell transit buses. The collaboration aims to provide zero-emission options, enhancing air quality in cities. BAE's Gen3 technology will be integrated with a 125kW hydrogen fuel cell from Plug and a battery system from Proterra Powered, emphasizing modularity and efficiency. With over 15,000 systems in service globally, BAE Systems continues to lead in electric propulsion technology.

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BAE Systems has successfully tested its Long-Range Precision Guidance Kit (LR-PGK) for 155mm artillery projectiles, showing strong structural resilience under extreme conditions. The LR-PGK improves accuracy for unguided projectiles and is compatible with existing and future artillery systems. This milestone allows the U.S. Army to deliver precise fire over distances of up to 70 kilometers, enhancing efficiency and reducing collateral damage. BAE Systems remains committed to advancing the LR-PGK’s capabilities and affordability.

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BAE Systems has secured a five-year, $383 million contract from the U.S. Army for technical and sustainment support services for its Bradley Fighting Vehicles and M993 Multiple Launch Rocket System carriers. This contract aims to ensure mission readiness and ongoing engineering and logistics support. Work will be performed at BAE Systems’ facilities in San Jose, California, Sterling Heights, Michigan, and Phoenix, Arizona, among other locations. This collaboration highlights the company's commitment to providing proven combat capabilities.

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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

OTC:BAESY

BAESY Rankings

BAESY Stock Data

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