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Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:51 EDTBAESY, GDGeneral 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
News For GD;BAESY From The Last 14 Days
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September 2, 2015
10:59 EDTBAESYBAE Systems management to meet with Jefferies
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09:06 EDTBAESYBAE Systems delivers 12 CV90s to Norway on schedule
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August 27, 2015
11:48 EDTBAESYBAE Systems management to meet with Jefferies
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August 26, 2015
16:26 EDTBAESYOn The Fly: Top stock stories for Wednesday
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11:08 EDTBAESYOshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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06:13 EDTBAESYBAE Systems loses multibillion dollar bid to build new Humvee, U.K. Times says
BAE Systems (BAESY) has lost out on a bid to build new Humvees for the U.S. Army, The U.K. Times. The Army selected Oshkosh (OSK) for the $6.7B contract over BAE, which was part of a consortium led by Lockheed Martin (LMT), and AM General, which built the original Humvees. Reference Link
August 20, 2015
13:35 EDTBAESYBAE Systems awarded $50M munitions contract for MK 90 propellant grains
The U.S. Army has awarded BAE Systems a $50M contract for the continued production of MK 90 propellant grains. The MK 90 propellant grain is the propulsion component of the Hydra 70 family of rockets used by the U.S. military and several allied nations to support overseas operations. BAE Systems began producing MK 90 propellant grains in October 2012, with the first delivery occurring in August 2013. To date, approximately 500,000 grain units have been delivered to the U.S. Department of Defense. Production for this current contract will begin in 2016 and continue through 2017.

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