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News Breaks
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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October 31, 2014
17:34 EDTBAESYBAE Systems awarded $141.8M government contract modification
BAE Systems, York, Pennsylvania, was awarded a $141,788,689 modification, exercising Option 1, to fixed-price-incentive contract W56HZV-14-C-0002, for 18 Self-Propelled Howitzers and 18 Carrier Ammunition Tracked vehicles. Fiscal 2014 and 2015 other procurement funds in the amount of $141,788,689 were obligated at the time of the award. Estimated completion date is Feb. 28, 2017. Army Contracting Command, Tank and Automotive,Warren, Michigan, is the contracting activity.
October 29, 2014
06:46 EDTBAESYBAE says U.S. Air Force stopped South Korea F-16 improvements, Reuters says
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October 21, 2014
07:10 EDTBAESYBAE Systems acquires SilverSky
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06:11 EDTBAESYBAE Systems to acquire SilverSky for $232.5M on cash free, debt free basis
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