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Stock Market & Financial Investment News

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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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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