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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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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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