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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 been selected by the U.S. Army as a prime contractor for Lot 1 of the $2.4 billion National Cyber Range Complex Event Planning, Operations, and Support hybrid contract. This 10-year contract will enable BAE Systems to compete for orders in cybersecurity integration, range support services, systems testing, and training personnel. The company aims to utilize digital engineering and model-based systems engineering to address complex cyber challenges and enhance the readiness of warfighters in modern battlefield scenarios.

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BAE Systems has secured multiple development contracts from the Defense Advanced Research Projects Agency (DARPA) aimed at advancing quantum technology for military applications, specifically in radio frequency (RF) sensing. The total value of these contracts is $6.5 million. These agreements will facilitate the development of quantum sensing technology that could significantly reduce antenna size and enhance sensitivity and bandwidth. BAE Systems' FAST Labs will conduct the majority of the work in Merrimack, NH.

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BAE Systems Applied Intelligence has secured a five-year agreement with Nova KBM Slovenia to implement its NetReveal® Compliance Suite. This initiative aims to enhance the bank's anti-money laundering (AML) and fraud detection capabilities. NetReveal, already trusted by over 200 financial institutions, is expected to reduce false positives by at least 30% and speed up detection processes by 40%. The partnership underscores the necessity for effective compliance tools as financial crimes continue to rise.

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Allison Transmission has been chosen to provide its 3000 Specialty Series™ transmission for the U.S. Marine Corps Advanced Reconnaissance Vehicle (ARV) prototypes. Both Textron Systems and General Dynamics Land Systems are set to develop these prototypes, which may lead to a production of approximately 500 vehicles over five years. The ARV will prioritize maneuverability in challenging terrains and environments. Additionally, BAE Systems is collaborating to adapt its Amphibious Combat Vehicle for this initiative, which also utilizes an Allison transmission.

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BAE Systems has announced a definitive agreement to acquire Bohemia Interactive Simulations (BISim), a software developer for military training solutions. Founded in 2001, BISim employs over 325 personnel across multiple countries including the U.S., UK, and Australia. This acquisition aims to enhance military readiness by integrating BISim's simulation products with BAE Systems' system integration expertise. The transaction is subject to customary regulatory approvals and is expected to expand BAE's capabilities in defense applications.

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BAE Systems has secured a $26 million contract to provide the U.S. Navy’s Constellation class frigates with the fully-automatic 57mm Mk 110 naval gun. The contract, awarded this month, includes engineering support for two guns for the USS Constellation and USS Congress. The Mk 110 is noted for its multi-mission capability and can fire up to 220 rounds per minute at a range of over nine nautical miles. The contract also includes a system for the U.S. Coast Guard’s USCGC Ingham, with deliveries anticipated to start in 2023.

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BAE Systems has secured a five-year contract worth up to $478 million from the U.S. Navy's Strategic Systems Programs (SSP), awarded in September 2021. This contract involves providing Systems Engineering and Integration Support Services, aimed at enhancing the Navy’s digital engineering strategy and ensuring mission readiness. The SSP oversees critical weapons systems on U.S. and U.K. submarines, including the Ohio and Vanguard classes. BAE’s expertise will help optimize costs and performance in complex defense projects.

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BAE Systems has joined the Center for Threat-Informed Defense as a research sponsor to enhance cybersecurity resources. This collaboration aims to develop critical tools against cyber threats, leveraging the MITRE ATT&CK framework to analyze attacker behavior. Since its inception, the Center has produced over 500 research reports, providing vital support to cyber defenders. Dr. Adrian Nish emphasized the need for continuous research to combat evolving cyber threats, while Richard Struse highlighted BAE Systems' commitment to improving collective cybersecurity capabilities.

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BAE Systems and Sierra Nevada Corporation have received a contract from the U.S. Air Force for the prototype design of next-gen signals intelligence technology under the GHOST program. This initiative aims to enhance full-spectrum awareness and actionable intelligence. The contract, awarded earlier this year, focuses on a sensor prototype for analyzing electronic signals to monitor adversaries' actions. BAE Systems has over 20 years of experience in developing adaptive SIGINT systems, with significant operational hours logged. Development will occur in Hudson, NH, and other locations.

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BAE Systems has introduced the new Hawkeye HWK1411 ultra low-light image sensor, designed for superior night vision capabilities while minimizing size, weight, and power consumption. The 1.6 megapixel sensor excels in various light conditions, making it ideal for battery-operated soldier systems and unmanned platforms. Notably, it is the first low-light CMOS sensor to perform effectively in overcast starlight environments. Additionally, BAE has created a compact multichip camera module for easier integration with the HWK1411, enhancing military and surveillance applications.

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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

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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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