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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 recognized its top suppliers at the annual ‘Partner2Win’ Supplier Symposium, highlighting excellence in on-time deliveries and quality standards. AMZ Manufacturing Corp. won the Supplier of the Year award, with Optex Systems, Inc. named Quality Supplier of the Year. Additional awards were given to Lanzen, Inc. for Most Improved Supplier and JWF Defense Systems as Small Business Supplier of the Year. In total, 24 Supplier of the Year awards and 77 ‘Partner2Win’ medals were distributed, emphasizing collaboration amid challenges like the COVID pandemic.

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BAE Systems, Inc. has announced the election of Kelly A. Ayotte as the new Chair of its Board of Directors for a three-year term. Ayotte, a former U.S. Senator, has been a board member since June 2017 and brings significant experience in national defense. She succeeds Michael Chertoff, the former Secretary of Homeland Security, who served in this role since April 2012. BAE Systems operates under a Special Security Agreement with the U.S. government, ensuring compliance with security and export regulations critical for national defense.

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BAE Systems is collaborating with Meritor, Inc. to develop technology solutions for heavy-duty industrial and defense vehicles. This partnership aims to create efficient, cost-effective, and fully-integrated electric vehicle technologies. BAE Systems will integrate its power management systems with Meritor's ePowertrain, enhancing their combined capabilities in electric propulsion. With over 25 years of experience, BAE is set to contribute significantly to emission-free solutions in various markets. They currently service over 14,000 propulsion systems globally, leading to a substantial reduction in fuel consumption and carbon emissions.

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BAE Systems has been awarded a contract by the Department of Defense to qualify a new 12 nanometer integrated circuit technology designed for space applications. This new technology is a significant advancement over the existing 45 nanometer technology, allowing for greater functionality and reduced power consumption. The RH12™ technology will undergo rigorous testing to meet key industry standards. BAE Systems aims to provide flexible development and production services for radiation-hardened integrated circuits from its facility in Manassas, Va..

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BAE Systems has secured a $316 million contract option from the Defense Logistics Agency, increasing the total contract funding to $641 million. This contract focuses on advanced M-Code GPS modules that enhance positioning, navigation, and timing capabilities for military operations. The modules will be used in ground, airborne, and weapon GPS receivers, with an emphasis on anti-jamming and anti-spoofing features. The contract builds upon a previous $325 million agreement and supports military GPS solutions through the decade.

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The U.S. Air Force has partnered with BAE Systems (OTC-PINK: BAESY) to upgrade its advanced Compass Call electronic warfare system for the next-generation EC-37B aircraft. This upgrade marks the 40th anniversary of Compass Call and utilizes SABER technology, transitioning to a software-based electromagnetic spectrum warfare capability. The Compass Call system disrupts enemy communications and navigation and will enhance operational efficiency for aircrews.

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BAE Systems has successfully installed its zero-emission propulsion system on the first U.S. hydrogen fuel cell-powered marine vessel, Sea Change, operating in the San Francisco Bay Area. This project, owned by SWITCH Maritime, aims to create a fleet of zero-carbon vessels. The propulsion system integrates hydrogen with lithium-ion batteries, eliminating diesel fuel and reducing maintenance. The project received a $3 million grant from CARB, part of California's Climate Investments initiative. BAE has extensive experience in hydrogen technology, having powered over 14,000 systems globally.

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BAE Systems has successfully demonstrated its FireNet™ software-defined communication transceiver, enhancing rotary wing aircraft capabilities. The demonstration showcased FireNet’s ability to provide a unified tactical network for Joint All Domain Operations (JADO). Designed to meet U.S. Army Aviation Branch needs, the system offers narrow-band, wide-band, and Link-16 capabilities, ensuring secure communication. BAE's FireNet system aims to support real-time data exchange, improve situational awareness, and facilitate integration with existing aircraft. Development will occur at the company's Fort Wayne, Indiana site.

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SWITCH Maritime successfully completed the world's first hydrogen fueling of a commercial marine vessel, the Sea Change, on November 18. This 75-passenger ferry operates using hydrogen fuel cells, enabling zero emissions and a range of 300 nautical miles. The hydrogen utilized is sourced from a renewable solar-powered electrolyzer in California, ensuring zero carbon emissions during production. The vessel is now undergoing final sea trials before its anticipated operation in the California Bay Area in Q1 2022, marking a significant step towards decarbonization in maritime transport.

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BAE Systems has introduced its next-generation HybriGen® Power and Propulsion system aimed at enhancing marine operators' zero-emission goals. This innovative system improves electrical efficiency, increases propulsion power, and simplifies installation through its modular design. Leveraging 25 years of expertise in electric propulsion, the system is adaptable for various vessels. Annually, BAE’s electric propulsion technology saves over 30 million gallons of fuel and eliminates 335,000 tons of CO2, comparable to removing 59,000 cars from the roads.

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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
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United States of America
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