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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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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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