BAE SYSTEMS PLC S/ADR - BAESY STOCK NEWS

BAE Systems received a $7.8 million contract from the Air Force Research Laboratory (AFRL) to develop machine learning software for the Multi-Sensor Exploitation for Tactical Autonomy (META) program. This innovation aims to enhance situational awareness and automatic target recognition (ATR). BAE's FAST Labs™ will leverage advanced algorithms for high-confidence detection and tracking of mobile targets in complex environments. This development builds on previous successes in the geospatial intelligence domain.

Spain's recent order for 20 Eurofighter Typhoons marks a significant boost for European defense, enhancing the frontline fleet. This deal, announced at the ILA Berlin International Air Show, increases the total Typhoon count in Europe to 545 aircraft. BAE Systems leads the design and development of the Typhoon, contributing over a third of each aircraft's components. With a production contract exceeding £500m, the order secures jobs and maintains Typhoon production continuity in the UK, with deliveries expected to start in 2025.

Highview Power has appointed Dominic Walters as Chief Marketing and Communications Officer, aiming to enhance its brand and drive demand for its long-duration energy storage technology. Walters previously led marketing at Inmarsat, achieving significant revenue growth. His appointment comes as Highview Power seeks to scale its renewable energy platforms globally. The company specializes in cryogenic energy storage, offering reliable solutions for energy stability and sustainability in the transition to net zero.

BAE Systems has secured a $38 million contract from Lockheed Martin to provide additional guidance systems for the Long-Range Anti-Ship Missile (LRASM) program. This advanced radio-frequency sensor enhances the missile's capability to target specific maritime threats from a distance, even in challenging electromagnetic environments. The LRASM can be launched from various platforms, including B-1B bombers, F/A-18 fighters, and the Mark 41 Vertical Launching System, ensuring versatility for U.S. military operations. Development occurs at facilities in Wayne, NJ; Greenlawn, NY; and Nashua, NH.

BAE Systems has announced that its ARCHER 155mm mobile howitzer has been shortlisted by the Swiss Federal Office for Defense Procurement in the final competition for Switzerland's future artillery system. The ARCHER is a fully automated system designed for rapid deployment, capable of firing six rounds in under two minutes while ensuring operator safety from its armored cabin. With proven capabilities demonstrated in the Swedish Army, this advanced howitzer can fire a range of munitions at impressive distances, meeting the operational requirements of the Swiss Armed Forces.

L3Harris Technologies (NYSE:LHX) has secured a $205 million contract to provide the Shipboard Panoramic Electro-Optic/Infrared (SPEIR) system for the U.S. Navy, potentially increasing to $593 million through March 2031. This system enhances fleet protection with 360-degree situational awareness capabilities. The collaboration includes BAE Systems and Lockheed Martin, leveraging advanced technologies to improve combat systems and reduce operator workload.

BAE Systems has launched its advanced SABR-M M-Code GPS receiver at the Joint Navigation Conference in San Diego. This cutting-edge technology offers enhanced positioning and timing capabilities while protecting against GPS signal jamming and spoofing. Designed for small and unmanned military applications, the SABR-M receiver integrates advanced antenna electronics to withstand challenging environments. Production is set to begin by the end of 2022 at BAE's new facility in Cedar Rapids, Iowa, which will employ 700 GPS experts.