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Stock Market & Financial Investment News

News Breaks
May 27, 2014
09:44 EDTBAESYBAE Systems awarded $28M contract from U.K. Ministry of Defense
The U.K. Ministry of Defence awarded BAE Systems a $28M contract for the third-generation configuration of its Common Missile Warning System. This contract, which represents the first direct commercial sale of BAE Systems’ Gen3 CMWS technology, will enable the U.K. military to provide its aircrews with the latest CMWS survivability equipment.
News For BAESY From The Last 14 Days
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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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October 14, 2014
17:29 EDTBAESYU.S. Army may revive Ground Combat Vehicle program, WSJ says
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October 13, 2014
09:02 EDTBAESYGE receives order from BAE Systems for 3U VPX rugged systems
GE’s Intelligent Platforms business (GE) announced at AUSA that it had received a $2.6M order from BAE Systems Platforms and Services (BAESY) for a quantity of its latest generation 3U VPX COTS Rugged Systems that deliver an advanced HPEC capability. The COTS Rugged Systems will be deployed as part of the US Army’s CETU which sees in-vehicle training and simulation incorporated into the Bradley Fighting Vehicle.
October 9, 2014
13:56 EDTBAESYObama calls on Congress to lift defense spending cuts, Politico says
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11:27 EDTBAESYBAE Systems to cut 440 management jobs
BAE Systems has announced 440 potential managerial job losses within its Military Air & Information business. This proposal is driven by the organisation’s continuous drive for efficiency. Chris Boardman, Managing Director of BAE Systems MAI, commented: “It is always regrettable when you have to announce potential job losses. However, we believe that by implementing changes to our management structure we will become a more efficient and effective business, and be better placed to meet the needs of current and potential customers in what is an increasingly competitive market." Reference Link

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