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May 7, 2014
06:22 EDTBAESYBAE Systems CEO says business trading in line with expectations
CEO Ian King says "In the U.S., the announced defense budget, while not yet finally agreed in detail, indicates spending reductions much as we had anticipated and points to a more predictable outlook than we have seen in recent years. In the U.K., our business continues to benefit from long-term, stable contracts in the maritime and military air sectors. Our robust year end order backlog of GBP42.7B, which benefited from the GBP9.3B of international business won last year, provides good visibility and performance in our international activities continues in line with plan. We continue to focus on program execution and on enhancing efficiency and affordability to ensure the Group is best positioned for the future."
News For BAESY From The Last 14 Days
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November 24, 2015
18:08 EDTBAESYBAE Systems awarded $103.77M government contract
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17:22 EDTBAESYBAE Systems awarded $103.7M contract by U.S. Marine Corps
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November 18, 2015
10:08 EDTBAESYBAE Systems awarded $25.2M contract from U.S. Navy for USS Forrest Sherman
BAE Systems has received a $25.2M competitively awarded contract from the U.S. Navy to perform repair, maintenance, and modernization services for the USS Forrest Sherman, an Arleigh Burke-class guided missile destroyer. The availability of the Forrest Sherman is scheduled to begin in January 2016 and conclude in July 2016. The scope of work under the firm fixed price contract includes drydocking the 509.5-foot-long ship, mechanical and electrical repairs, underwater hull preservation, propulsion system maintenance, and various modernization work. The contract contains options, which, if exercised, could bring its total value to $26.7M.

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