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News Breaks
July 23, 2014
10:01 EDTBAESYBAE Systems awarded contracts worth $40M from U.S. Army
The U.S. Army has awarded BAE Systems a series of contracts, worth approximately $40M, for the third-generation configuration of its Common Missile Warning System, which provides an enhanced capability for aircrews to locate and protect against infrared guided threats. The Gen3 configuration includes hostile fire indication to detect and evade small arms fire and new data recording capabilities for detailed post-mission analysis. The latest orders are funded under a recently awarded $496M, three-year indefinite-delivery/indefinite-quantity contract to deliver up to 1,300 Gen3 systems. The U.S. Army has now placed approximately $90M in orders against the IDIQ since the first order in September 2013. Under the contract, BAE Systems will deliver CMWS hardware and provide systems engineering, software, and logistics support services for both the CMWS and the Advanced Threat Infrared Countermeasure system.
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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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