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Stock Market & Financial Investment News

News Breaks
November 28, 2012
12:44 EDTBAESYBAE Systems receives $80M U.S. Navy contract
BAE Systems has received an $80.3M modification contract award from the U.S. Navy to deliver two Advanced Gun Systems for the latest in the Zumwalt class destroyer fleet, the DDG 1002. This contract marks the third destroyer to receive AGS applications and brings the total funding of the initial contract for this ship, first awarded in October 2011, to $149M.
News For BAESY From The Last 14 Days
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March 30, 2015
09:19 EDTBAESYBAE Systems to expand San Diego ship repair capabilities
BAE Systems will significantly expand dry-docking capabilities at its San Diego shipyard, enhancing the ship repair, maintenance, and modernization services the company provides to the U.S. Navy, other government agencies, and commercial customers. The investment by BAE Systems, which will include the purchase of a new dry dock and a range of infrastructure improvements at the yard, will total approximately $100M. The new Pier 4, at 415-feet long and 64-feet wide, replaces a 52-year-old pier and includes new services such as fresh water, electrical, sewage, and storm water containment. The new dry dock will measure 950-feet long and 205-feet wide, with a design lifting capacity of 55,000 tons. When operational in early 2017, it will be the company’s largest dry dock in the United States and will employ several environmental design features, including LED lighting, electric cranes, air-cooled emergency generators, a zero discharge closed-loop salt water system, and storm water recovery systems.
March 23, 2015
17:32 EDTBAESYBAE Systems awarded $383.03M government contract
BAE Systems has been awarded a maximum $383.03M firm-fixed-price, requirements-type contract for support of multiple weapon systems platforms. Estimated value cited is based on demand quantities for the life of the contract. This contract was a sole-source acquisition. This is a five-year base contract with one five-year option period. Location of performance is Indiana, with a March 19, 2020, performance completion date.

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