|Bid||634.40 x 0|
|Ask||634.60 x 0|
|Day's range||628.20 - 642.40|
|52-week range||5.69 - 648.80|
|Beta (5Y monthly)||0.47|
|PE ratio (TTM)||15.34|
|Earnings date||20 Feb 2020|
|Forward dividend & yield||0.19 (2.96%)|
|Ex-dividend date||17 Oct 2019|
|1y target est||652.67|
DARPA selects BAE Systems to build next-generation advanced electronics under Technologies for Mixed mode Ultra Scaled Integrated Circuits program.
BAE Systems will provide C5ISR, technical support, and life cycle sustainment to the U.S. Navy to improve situational awareness.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BAE Systems Plc snapped up more than $2 billion in U.S. defense-technology assets that Raytheon Inc. and United Technologies Corp. were forced to sell in order to gain antitrust approval for their merger.Europe’s biggest defense firm will buy the military global positioning system arm of UTC’s Collins Aerospace unit for $1.93 billion, together with Raytheon’s airborne tactical radios operation at a cost of $275 million, it said Monday.The assets came to market following regulatory scrutiny of the Raytheon-UTC merger and the acquisitions are subject to successful closure of that deal, according to a statement from London-based BAE, which said both businesses are focused on areas of highest-priority U.S. defense spending.“It’s rare that two businesses of this quality, with such strong growth prospects and close fit to our portfolio, become available,” BAE Chief Executive Officer Charles Woodburn said in the release, adding that they’ll be folded into the group’s electronics-systems sector.BAE shares rose as much as 3.4% and were trading 2.9% higher at 642.60 pence as of 8:31 a.m. in London. The stock is already up 14% this year following a 23% gain in 2019.The Collins GPS unit is based in Cedar Rapids, Iowa, employs about 675 people and is expected to post adjusted earnings of $127 million on $359m in sales this year, BAE said. The Raytheon radios operation has 100 staff at facilities in Indiana and Florida, with sales of around $125 million last year.To contact the reporter on this story: Christopher Jasper in London at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, Andrew Noël, Tara PatelFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
UK defence group BAE Systems is paying $1.93bn in cash for the military global positioning business of US engineer Collins Aerospace, in its biggest acquisition in more than a decade. The GPS business makes military receiver systems and its products are used on hundreds of US defence platforms, including the two highest-volume weapons programmes for the US Air-Force, BAE said on Monday. last year of Raytheon and United Technologies, with regulators requiring the two groups to divest assets.
BAE Systems, Inc. announced agreement for proposed acquisition of Collins Aerospace military GPS and Raytheon Airborne Tactical Radios businesses.
BAE Systems is paying a steep 17 times ebitda for the GPS business of Collins Aerospace. BAE is spending money on equipment that helps the military maintain its core competencies of breaking things and killing people. The group is acquiring a business specialising in GPS receivers for the US military, its main market.
BAE Systems has successfully fired an integrated, long-range anti-tank guided missile from the CV90 Infantry Fighting Vehicle in recent tests.
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BAE Systems’ Norfolk Shipyard will conduct an 18-month extensive modernization program aboard the guided missile cruiser USS Vicksburg (CG 69).
BAE Systems announced the U.S. Navy has signed a $2.68 billion ID/IQ contract for the purchase of thousands of additional APKWS® Laser-Guided Rockets.
The U.S. Army has awarded BAE Systems a $249 million contract modification to complete an additional 60 M109A7 self-propelled howitzers.
The DIA has awarded BAE Systems a ten-year prime contractor position on an IDIQ worth over $17 billion to provide worldwide military intelligence.
BAE Systems, Inc. today announced that Tom Arseneault will become president and chief executive officer of BAE Systems, Inc., effective April 1, 2020.
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BAE Systems received a DARPA contract to develop new cyber tools to help prevent vulnerabilities in electronic files that can lead to cyberattacks.
BAE Systems is collaborating with Jaunt Air Mobility to explore the development of electric energy management systems for urban air mobility vehicles.
BAE Systems has achieved Amazon Web Services Public Safety & Disaster Response Competency status for its ability to enhance first responder readiness.
BAE Systems received a DARPA contract to develop software that will enable semi-autonomous multi-domain mission planning.
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