BAE SYSTEMS PLC S/ADR - BAESY STOCK NEWS

BAE Systems has secured a $219 million contract to equip the UK Royal Navy with five Mk 45 Maritime Indirect Fire Systems for the Type 26 frigates. This advanced system integrates a 5-inch, 62-caliber gun with a fully automated Ammunition Handling System. The Type 26 frigates, set to deliver in the mid-2020s, will be among the most advanced warships globally, designed for anti-submarine warfare and various other missions. Engineering support for the contract will take place in Minneapolis and Louisville. This contract reinforces BAE's commitment to innovating naval defense solutions and strengthens its partnership with the UK military.

BAE Systems has secured a $145 million contract from the U.S. Navy for the maintenance and modernization of the guided-missile destroyer USS Nitze (DDG 94). The contract value may increase to $161 million if all options are exercised. Under the agreement, BAE Systems’ Norfolk shipyard will perform various upgrades, including work on the Aegis combat system and refurbishments for the ship’s crew. The DMP work is expected to begin in July. The USS Nitze is part of the Arleigh Burke class and was commissioned in March 2005.

BAE Systems and Lockheed Martin Skunk Works have successfully tested the Stalker and Indago small uncrewed aerial systems (UAS) integrated with the Amphibious Combat Vehicle Command, Control, Communication and Computers/Uncrewed Aerial Systems (ACV C4/UAS). This technological advancement aims to enhance reconnaissance capabilities for the U.S. Marine Corps. Following contractor verification testing, the Marine Corps will proceed with its evaluation to determine if the ACV C4/UAS meets requirements for the Advanced Reconnaissance Vehicle program. The UAS is designed to provide long-endurance support and mission flexibility.

BAE Systems and Leonardo UK have received U.S. government approval to develop an interoperable aircraft survivability suite combining BAE's AN/AAR-57 Common Missile Warning System (CMWS) and Leonardo's Miysis Directed Infrared Countermeasure (DIRCM) System. This advanced suite will enhance aircraft protection against modern threats, leveraging proven technologies to deliver cost-effective solutions for international customers. Over 3,000 CMWS units are already in service, logging more than four million flight hours. The integration of DIRCM aims to optimize CMWS performance, maximizing aircraft survivability and operational efficiency.

BAE Systems announced that 21 of its employees will be honored at the 37th Black Engineer of the Year Awards (BEYA) for their achievements in STEM fields. This includes 20 employees recognized as Modern-Day Technology Leaders and one recipient of the General Johnnie Wilson Legacy Award. Dana Rixter, the chief diversity, equity, and inclusion officer, highlighted the hard work and commitment of these individuals. The BEYA STEM Conference aims to celebrate and promote diversity within STEM fields, featuring discussions with industry leaders and showcasing the talents of minority STEM students.

The aerospace industry in Germany is a leading market in Europe, impacting the global unmanned sea systems market, which is projected to grow at a CAGR of 9.78% from 2022 to 2027, increasing in size by USD 3,751.78 million. Germany's unique combination of strong manufacturing and cost efficiency positions it favorably for aerospace and defense innovation. The report includes detailed market segmentation and competitive landscape analysis, covering major vendors such as BAE Systems. In addition, aerospace vendors are adapting supply chain strategies to recover from pandemic-related losses.

The global market for Advanced Combat Helmets was valued at US$2.5 Billion in 2022, with projections to reach US$3.8 Billion by 2030, reflecting a CAGR of 5.4%. Notably, the U.S. market alone is estimated at US$722.7 Million, while China is expected to grow at a 5% CAGR, reaching US$658.2 Million by 2030. Key segments include Ballistic Fiber, projected to hit US$2.1 Billion at a 5.8% CAGR. The report suggests ongoing trends such as increased defense spending and technological advancements are likely to bolster the market, despite challenges like high costs and supply chain disruptions.

The report titled "Smart Machines in Enterprise, Industrial Automation, and IIoT by Technology, Product, Solution, and Industry Verticals 2023 - 2028" projects the global smart machine market to reach $35.3 billion by 2028. Asia-Pacific is expected to lead this market with $16.3 billion. Key findings include the growth of autonomous robots to $10.2 billion globally by 2026, with a CAGR of 17.9%, and neurocomputing solutions projected to hit $2.9 billion by 2028. The report discusses various smart machine solutions across multiple industries, emphasizing the impact of AI and IoT advancements.