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April 28, 2014
09:45 EDTBAESYBAE Systems receives multi-ship, multi-option contract from U.S. Navy
BAE Systems has received a multi-ship, multi-option contract from the U.S. Navy to repair, maintain, and modernize nine destroyers and cruisers, either homeported in or visiting Pearl Harbor, Hawaii. The five-year contract, awarded by the Naval Sea Systems Command, includes modernization, maintenance, and repair work for the USS Chafee, USS John Paul Jones, USS Chung-Hoon, USS Hopper, USS Michael Murphy, USS O’Kane, USS Halsey, USS Milius, and USS Preble. This award marks a continuation of work BAE Systems has been performing on the same type of ships in Hawaii under a previous seven-year contract.
News For BAESY From The Last 14 Days
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December 11, 2014
16:42 EDTBAESYBAE Systems proposes to acquire Eclipse Electronic Systems for $28M in cash
BAE Systems (BAESY) announced that it has entered into an agreement with Esterline (ESL) for the proposed acquisition of its wholly-owned subsidiary, Eclipse Electronic Systems, Inc., for cash consideration of approximately $28M, subject to closing adjustments. Eclipse Electronic Systems business employs approximately 90 people. The proposed acquisition is conditional upon receiving certain regulatory approvals. It is anticipated the proposed acquisition will be completed during the 1Q15.
December 10, 2014
17:16 EDTBAESYBAE Systems awarded $115M government contract
BAE Systems is being awarded an $115M undefinitized contract action as a modification to a previously awarded contract for USS Bataan FY15 dry-docking planned maintenance availability. A dry-docking planned maintenance availability includes the planning and execution of depot-level maintenance, alterations, and modifications that will update and improve the ship's military and technical capabilities. Work will be performed in Norfolk, Virginia, and is expected to be completed by November 2015.
December 9, 2014
07:45 EDTBAESYRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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