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BAE Systems PLC (BAES.L)

BAES.L on London Stock Exchange

587.60GBp
19 Jan 2018
Change (% chg)

1.40 (+0.24%)
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Latest Key Developments (Source: Significant Developments)

Bae Systems Receives U.S. Army Contract To Begin M109a7 Full-Rate Production
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Bae Systems PLC ::BAE SYSTEMS RECEIVES U.S. ARMY CONTRACT TO BEGIN M109A7 FULL-RATE PRODUCTION.BAE SYSTEMS-OPTIONS ARE ALSO INCLUDED THAT WOULD BEGIN FULL-RATE PRODUCTION PHASE, IF EXERCISED, WOULD BRING TOTAL VALUE OF AWARD TO ABOUT $1.7 BILLION.  Full Article

BAE Systems Says Qatar Agrees Contract For Typhoon Aircraft
Monday, 11 Dec 2017 

Dec 11 (Reuters) - BAE Systems Plc ::QATAR AGREES CONTRACT FOR TYPHOON AIRCRAFT.QATAR AGREES CONTRACT FOR TYPHOON AIRCRAFT.‍BAE SYSTEMS AND GOVERNMENT OF STATE OF QATAR HAVE ENTERED INTO A CONTRACT, VALUED AT APPROXIMATELY £5BN​.‍DEAL FOR SUPPLY OF TYPHOON AIRCRAFT TO QATAR EMIRI AIR FORCE ALONG WITH A BESPOKE SUPPORT AND TRAINING PACKAGE​.‍CONTRACT IS SUBJECT TO FINANCING CONDITIONS AND RECEIPT BY CO OF FIRST PAYMENT, WHICH ARE EXPECTED TO BE FULFILLED NO LATER THAN MID-2018​.‍CONTRACT PROVIDES FOR 24 TYPHOON AIRCRAFT WITH DELIVERY EXPECTED TO COMMENCE IN LATE 2022​.  Full Article

BAE Systems completes revised UK pension funding arrangements
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Bae Systems Plc ::BAE SYSTEMS COMPLETES REVISED UK PENSION FUNDING ARRANGEMENTS.BAE SYSTEMS SAYS AT 31 MARCH 2017 FUNDING VALUATION DATE, AGGREGATE OF DEFICITS ACROSS UK SCHEMES WAS 2.1 BILLION POUNDS.BAE SYSTEMS SAYS THE CURRENT ANNUAL DEFICIT RECOVERY PAYMENTS OF C£205 MILLION WILL INCREASE BY £15 MILLION TO C£220 MILLION IN 2018.BAE SYSTEMS SAYS DEFICIT CONTRIBUTIONS WILL FURTHER INCREASE IN LINE WITH ANY PERCENTAGE GROWTH IN DIVIDEND PAYMENTS MADE BY THE BAE SYSTEMS GROUP.BAE SYSTEMS SAYS UNDER THE NEW DEFICIT RECOVERY PLANS, THESE ANNUAL PAYMENTS WOULD SUBSEQUENTLY FALL BY C£50 MILLION IN 2022 AND END IN 2026.  Full Article

BAE Systems hikes Finance Director ‍peter Lynas base salary by 6.9 pct
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Bae Systems Plc :BAE SYSTEMS PLC - ‍PETER LYNAS BASE SALARY WILL INCREASE BY 6.9 PCT TO 626,000 POUNDS PER ANNUM, WITH IMMEDIATE EFFECT​.  Full Article

UK's CMA to review undertakings given BAE Systems 1999 deal
Friday, 29 Jul 2016 

UK's CMA : To review undertakings given by British Aerospace Plc, now BAE Systems Plc, arising from acquisition of General Electric Co unit in Nov 1999 .Undertakings given by BAE Systems have been subject to three reviews to date.  Full Article

BAE Systems wins $245 mln defence supply contract
Thursday, 28 Jul 2016 

BAE Systems : Awarded $245 million contract for UK type 26 gun system . Says MK 45 is in service with US navy and 10 other allied nations . Under contract, company will manufacture three MIFS integrated gunnery systems (IGS) and one trainer system for UK Royal Navy .Contract includes an option for five additional systems for remainder of UK Royal Navy's type 26 fleet.  Full Article

Yoga on ice: India to offer classes during Davos summit

NEW DELHI, Jan 19 Indian Prime Minister Narendra Modi's delegation to the World Economic Forum at Davos will offer yoga classes on the icy slopes, the foreign ministry said on Friday, the latest high-profile attempt to promote India's traditions abroad.