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News Breaks
17:40 EDTBAESY
theflyonthewall.com: BAE Systems awarded $7.152M government contract
BAE Systems is being awarded a $7.152M firm, fixed-price contract for the 75-day post shake-down availability for Military Sealift Command dry cargo/ammunition ship USNS Wally Schirra. The contract includes options that, if exercised, would bring the total contract value to $8.304M. Work will be performed at BAE Systems and is expected to be completed within 75 calendar days. Contract funds will expire at the end of the fiscal year 2010. :theflyonthewall.com



News For BAESY From The Last 14 Days
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February 8, 2010
10:49 EDTBAESY
theflyonthewall.com: BAE Systems awarded $32M contract to reset M113 vehicles

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February 5, 2010
10:38 EDTBAESY
theflyonthewall.com: BAE Systems settles with the U.S. DOJ, UK Fraud office, Dow Jones reports
BAE Systems will pay a fine of $400M and make extra commitments concerning ongoing compliance, Dow Jones reports. The company plead guilty to one charge of breach of duty to keep accounting records. :theflyonthewall.com

February 3, 2010
12:47 EDTBAESY
theflyonthewall.com: Oshkosh 2010 estimate raised on M-ATV win at Barrington
Barrington raised its 2010 estimate for Oshkosh (OSK) to $6.50 from $5.80 after its source confirmed that 2,800 MRAP trucks were awarded to Oshkosh and Navistar (NAV). BAE (BASEY) and Force Protection (FRPT) were not given awards, but Barrington believes that it is still possible for both to receive an award for 1,200 vehicles. The firm keeps an Outperform rating on Oshkosh shares. :theflyonthewall.com
12:19 EDTBAESY
theflyonthewall.com: On The Fly: European Markets Wrap-up
European stocks fell as investors worried about deficits facing Greece and Portugal, and it was reported that the U.S. service sector expanded at a lower than expected rate last month. Britain's FTSE 100 declined 0.57%, or 30.16, to 5,253.15, while Germany's DAX fell 0.66%, or 37.57, to 5,672.09, and France's CAC 40 lost 0.49%, or 18.66, to 3,793.47. UNITED KINGDOM: Weapons maker BAE Systems (BAESY) retreated 2.4% and Rio Tinto (RTP), a mining company, fell 1.41%, while BHP Billiton (BHP), another mining company, lost 0.80% as most metals declined. Barclays (BCS) gained 1.97%. GERMANY: Deutsche Bank (DB) declined 1.79% and Infineon (IFNNY), a chip maker, slid 2.83% but Daimler (DAI), an auto maker, rose 1.70%. Siemens (SI) lost 0.95%. AROUND EUROPE: An index of European service and manufacturing industries fell to 53.7 in January from 54.2 in December...S&P raised its outlook on Lithuania to Stable from Negative. The agency maintained its BBB rating on the company. :theflyonthewall.com
11:34 EDTBAESY
theflyonthewall.com: House Science & Technology Committee to hold a hearing
Subcommittee on Technology & Innovation holds a hearing to review the airline passenger screening-related research, development, testing and deployment activities of the Dept of Homeland Security Science & Technology Directorate, DHS University Centers of Excellence, National Institute of Standards & Technology and the Dept of Energy National Laboratories. Participants include the Senior Principal Engineer at BAE Systems, Sandra Hyland, at the hearing to be held on February 3 at 2 pm. Webcast Link :theflyonthewall.com