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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 appointed Betty Sapp, former Director of the National Reconnaissance Office (NRO), to its Board of Directors. Sapp, who served as the first female director of the NRO from 2012 to 2019, brings extensive experience from her roles in government, the intelligence community, and the U.S. Air Force. She also has a strong background in acquisition and financial management within space and satellite programs. Additionally, Sapp holds prominent positions on boards of other high-profile organizations in the defense and cybersecurity sectors. This strategic appointment aims to leverage her vast expertise to drive future growth for BAE Systems.

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The Nancy Grace Roman Space Telescope’s Wide Field Instrument (WFI), the main scientific tool on NASA’s next-generation observatory, is nearing the end of environmental testing at BAE Systems in Boulder, Colorado. The WFI will capture infrared light from distant parts of the universe, offering high-resolution images and aiding in the study of exoplanets, dark energy, and dark matter. It has finished vibration, acoustic, and thermal vacuum tests to simulate space conditions. The final phase of testing will involve electromagnetic interference and compatibility checks. Expected delivery to NASA’s Goddard Space Flight Center is set for summer, with a launch planned by May 2027.

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BAE Systems has signed a contract with the Swedish Defense Materiel Administration (FMV) to provide new CV9035 MkIIIC combat vehicles and integrated logistic support. These vehicles will replace those donated to Ukraine and expand Sweden's military capabilities. The CV9035 MkIIIC, designed alongside the Netherlands' mid-life upgrade program, features advanced turret designs and ergonomic improvements. This contract also allows other nations to procure the CV90MkIIIC vehicles. The CV90 series has over 1,700 orders and is used by 10 European nations, including eight NATO members.

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BAE Systems and Eaton have successfully tested their integrated electric drive system for medium- and heavy-duty commercial trucks. The testing took place at Eaton's proving grounds in Marshall, Michigan, using a Class 7 demonstration vehicle. The system met key performance goals such as gradeability and highway speed. This compact system boosts electrical efficiency and reduces vehicle weight. The combined system includes BAE Systems' electric motor and modular power electronics paired with Eaton's MD 4-speed EV transmission. This technology can be adapted for zero-emission applications, enhancing performance and flexibility. The complete system simplifies integration, improves reliability, and lowers overall costs.

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BAE Systems has been chosen by the U.S. Navy to develop the Dual Band Decoy (DBD), an advanced radio frequency countermeasure designed to protect fighter jets from enemy attacks. The DBD builds on BAE’s AN/ALE-55 Fiber-Optic Towed Decoy, using the latest jamming technology to disrupt enemy radars and lure missiles away. The system can be activated manually or automatically, ensuring important protection in contested airspace. Initially, DBD will be deployed on the U.S. Navy's F/A-18E/F Super Hornet and will be developed at BAE’s facilities in Nashua, N.H. The DBD is part of BAE's Intrepid Shield™ approach, enhancing performance with reduced size, weight, and power for future threat adaptability.

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BAE Systems secures contract to maintain and repair L119 Light Guns in Ukraine, enhancing support for Ukrainian forces. The contract aims to minimize downtime for critical artillery assets and strengthen the relationship between BAE Systems, UK Ministry of Defence, and Ukraine.
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BAE Systems secures a $79 million contract from the U.S. Marine Corps to build and deliver ACV-R test vehicles, enhancing expeditionary support capabilities. The company is in full-rate production with other ACV variants and aims to increase Marine readiness through technology integration.
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The Australian Government has chosen BAE Systems and ASC Pty to construct Australia's new fleet of nuclear powered submarines under the AUKUS pact. This partnership aims to enhance national defense capabilities and create economic opportunities in the UK and Australia.
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BAE Systems to Acquire Ball Aerospace for $5.5 Billion: Analysis & Details
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BAE Systems has acquired Malloy Aeronautics, a leading company in innovative heavy lift drone and aeronautical technologies. Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems (UAS) to both civil and military customers, capable of lifting payloads from 68kg to 300kg. The acquisition aims to further develop Malloy's existing portfolio and accelerate new technologies to customers worldwide. BAE Systems' Group Managing Director of Air sector expressed confidence in the synergy between the two companies, while Malloy Aeronautics' Chief Operating Officer highlighted the potential to scale demands and deliver innovative new products at pace. The companies have been developing the 300kg T-650 all-electric 'heavy lift' UAS as a potential new solution for military, security, and civilian customers.
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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 $66.97 as of November 21, 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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