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News Breaks
March 5, 2013
05:57 EDTESLT, BAESYElbit Systems subsidiary awarded $50M contract by BAE Systems for NAVAIR
Elbit Systems (ESLT) announced that M7 Aerospace, a wholly-owned subsidiary of Elbit Systems, will be working with BAE Systems (BAESY) to provide logistics support for the T-34, T-44, and T-6 aircraft under a contract awarded to BAE Systems by the Naval Air Systems Command, or NAVAIR. Under its NAVAIR contract, BAE Systems awarded M7 a subcontract of approximately $50M to be performed over a five-year period.
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April 15, 2014
07:51 EDTBAESYGeneral Dynamics chooses to skip GAO protest over Army car plan, Reuters says
General Dynamics (GD) said it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its rival, Britain's BAE Systems (BAESY), according to Reuters, citing a statement from a General Dynamics spokesman. The spokesman said, "We will continue to discuss the AMPV program with the U.S. Department of Defense and the Congress. We do not believe a GAO protest is the right forum for this issue and we will not file one." Reference Link
April 8, 2014
09:05 EDTBAESYBAE Systems inks contract with Southwest for MRO services
Southwest Airlines (LUV) has selected BAE Systems (BAESY) as its exclusive provider of maintenance, repair, and overhaul services for the full authority digital engine controls on more than 450 737 Next Generation aircraft. Under the five-year agreement, BAE Systems will provide proactive repairs that will improve the availability and reliability of Southwest’s fleet.
05:48 EDTESLTElbit Systems awarded $100M contract in Latin America
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