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News Breaks
November 14, 2012
08:56 EDTHXL, BAESYBAE Systems may look to acquire Hexcel Corporation, The Daily Mail reports
BAE Systems (BAESY) may look to acquire Stanford-based Hexcel (HXL) despite rumors and speculation that it would become takeover target itself, reports The Daily Mail. Investec said it seems no major change in strategy at BAE Systems after the EADS merger fell through. Reference Link
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April 15, 2014
07:51 EDTBAESYGeneral Dynamics chooses to skip GAO protest over Army car plan, Reuters says
General Dynamics (GD) said it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its rival, Britain's BAE Systems (BAESY), according to Reuters, citing a statement from a General Dynamics spokesman. The spokesman said, "We will continue to discuss the AMPV program with the U.S. Department of Defense and the Congress. We do not believe a GAO protest is the right forum for this issue and we will not file one." Reference Link
April 8, 2014
09:05 EDTBAESYBAE Systems inks contract with Southwest for MRO services
Southwest Airlines (LUV) has selected BAE Systems (BAESY) as its exclusive provider of maintenance, repair, and overhaul services for the full authority digital engine controls on more than 450 737 Next Generation aircraft. Under the five-year agreement, BAE Systems will provide proactive repairs that will improve the availability and reliability of Southwest’s fleet.
April 3, 2014
09:24 EDTHXLHexcel management to meet with Deutsche Bank
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07:56 EDTHXLHexcel to have a strong Q1 report, says Canaccord
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