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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 will showcase advanced defense technologies at the Eurosatory tradeshow in Paris from June 13-17. Key exhibits include the CV90MkIV infantry fighting vehicle, ARCHER 155mm mobile howitzer, and the BvS10 all-terrain vehicle. The CV90MkIV has been selected by the Slovak Army, showcasing its capability in various missions. ARCHER boasts a rapid-fire capability and a long-range strike ability. The BvS10 is designed for extreme environments. BAE's innovations, such as the 360 MVP Sensor™ and APKWS laser-guidance kit, underscore their commitment to enhancing military effectiveness.

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BAE Systems has enhanced its Digital GPS Anti-Jam Receiver (DIGAR) by integrating beamforming capabilities with Trimble receivers. This advancement increases GPS jamming protection for aircraft by a million-fold, ensuring reliable mission performance in contested environments. The development, led by BAE Systems’ engineers in Cedar Rapids, Iowa, makes DIGAR the only system offering beamforming with both BAE and Trimble GPS receivers. The new technology is crucial for modern combat operations, ensuring high-level jamming protection and compatibility with advanced navigation systems.

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MacAndrews & Forbes has appointed Jaymie Durnan as Executive Vice President and Special Counsel to the Chairman. Durnan, previously with MIT Lincoln Laboratory, is set to oversee personnel, compliance, and administrative functions. His extensive background includes senior roles at MacAndrews & Forbes and BAE Systems. Chairman Ronald Perelman highlights Durnan’s impressive reputation and leadership experience as valuable assets to the company and its portfolio. MacAndrews & Forbes focuses on operating diverse industries, including cosmetics, biotechnology, and military equipment.

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BAE Systems has successfully transitioned its Mobility Air Forces Automated Flight Planning Service (MAFPS) to Cloud One, marking a significant milestone in cloud migration for mission-critical applications. This move enhances operational availability and streamlines flight planning for the U.S. Air Force, allowing for improved mission management and agile airspace planning. MAFPS delivers fuel-efficient routing and effective planning support, making it a vital tool for Air Mobility Command’s aircraft operations.

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BAE Systems has secured a contract with the Toronto Transit Commission to deliver over 335 electric drive systems for new hybrid transit buses, enhancing the agency's transition to zero-emission operations. This follows a previous order of 165 systems for Mississauga Transit, boosting Ontario’s transit capabilities. The Series-ER technology promises improved electrical efficiency and includes features like geofencing for automatic electric mode activation. BAE's production and support for these systems will take place in Endicott, N.Y.

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BAE Systems has delivered the first four of 20 modernized CV90 combat support vehicles to the Norwegian Armed Forces in a ceremony in Levanger, Norway. This delivery reflects successful collaboration with Ritek AS and the Norwegian Defense Materiel Agency. The project supports Norwegian jobs and has involved around 20 local companies as suppliers. The Norwegian CV90 fleet is noted to be among the most advanced in the world. Ritek's new assembly hall enhances production capabilities for current and future defense projects.

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BAE Systems has successfully flight tested three third-party software applications on its Scalable Adaptive Bank of Electronic Resources (SABER) technology, integral to the Compass Call system, known for disrupting enemy communications. The test showcased SABER's capability in advanced electromagnetic warfare. The U.S. Air Force's Compass Call Test Team, supported by BAE Systems, conducted the tests, which will facilitate the deployment of SABER on the EC-130H aircraft, now transitioning to the Gulfstream G550, designated as EC-37B.

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BAE Systems (OTC-PINK: BAESY) introduces next-generation power and propulsion technology to the heavy-duty industrial vehicle market. The innovative electric drive system aims to expedite electric vehicle (EV) market entry for OEMs, lowering installation costs. With over 15,000 electrified systems and four billion on-road miles logged, BAE's technology emphasizes modularity and efficiency. The new system supports battery electric, fuel cell, and hybrid vehicles, promising a scalable solution for various applications. This initiative aligns with BAE's commitment to a zero-emission future.

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BAE Systems has secured a $24 million contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to develop software for autonomously configuring tactical networks. This work is part of the Mission-Integrated Network Control (MINC) program, aimed at enhancing secure communications in multi-domain operations. BAE Systems' FAST Labs™ will focus on optimizing information flow through advanced algorithms and software. This initiative underscores the growing importance of adaptable communications in modern warfare.

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BAE Systems has secured a $24 million contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to enhance tactical networks through autonomous configuration for mission-critical communications, part of the Mission-Integrated Network Control (MINC) program. This initiative aims to develop advanced algorithms and software to optimize communications in contested environments, crucial for modern warfare. The project leverages BAE's expertise in networking and autonomy, promising improved operational efficiency across multiple domains.

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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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