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Stock Market & Financial Investment News

News Breaks
May 28, 2014
17:18 EDTBAESYBAE Systems awarded $447.05M government contract modification
BAE Systems was awarded a $447.05M modification to contract W58RGZ-13-D-0245 to increase the ceiling by the announcement amount for the acquisition of Common Missile Warning Systems, or CMWS, and associated spare parts, and systems engineering, technical, and logistics support services for both CMWS and Advanced Threat Infrared Countermeasures, or ATIRCM. This modification is to establish negotiated prices for all part numbers in all ranges and increase the ceiling for both hardware and services support. The estimated completion date is Sept. 29, 2016.
News For BAESY From The Last 14 Days
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July 15, 2014
07:32 EDTBAESYRockwell Collins' Flight Control Module selected for Boeing 777x
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07:26 EDTBAESYUBS to hold events at Farnborough Air Show
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07:17 EDTBAESYFarnborough International to hold air show
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07:16 EDTBAESYCredit Suisse events at Farnborough Air Show
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07:04 EDTBAESYBoeing selects BAE for Integrated Flight Control Electronics system
Boeing (BA) has selected a BAE Systems (BAESY)-led team to provide electronics for the 777X flight control system through a procurement process. The system, known as the Integrated Flight Control Electronics and the Air Data Reference Function, will control the flight surfaces of the aircraft and integrate additional functionality unique to the 777X. BAE Systems is teaming with Rockwell Collins (COL) to bring this capability to Boeing. The 777X is scheduled to begin production in 2017 and first delivery is targeted for 2020.
July 14, 2014
12:46 EDTBAESYBAE goes against Lockheed for $10B F-16 revamp work, Reuters says
BAE Systems (BAESY) anticipates to win more than half of the $10B market to upgrade F-16 fighter jets, saying its cost-effective offering could give it a leg-up in the fight against Lockheed Martin (LMT), according to Reuters, citing comments from BAE Systems' vice president for global fighter programs John Bean. Reference Link

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