|Bid||475.80 x 0|
|Ask||475.90 x 0|
|Day's Range||474.08 - 486.60|
|52 Week Range||5.69 - 672.80|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||10.37|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 16, 2020|
|1y Target Est||652.67|
Chief executives of eight defense companies including Lockheed Martin Corp and Raytheon Technologies Corp have asked the U.S. government to ensure that billions of dollars are not taken from the Pentagon's budget to shore up firms hit by COVID-19 without being replaced with new funds. Pentagon funds were given to defense companies to pay the salaries of highly skilled workers, preventing them from being laid off or poached by better-funded competitors. At least several billion dollars will be needed to replace the funds to be spent on supporting the workforce and other coronavirus-related adjustments, the companies said in separate letters to the Pentagon and White House.
Britain has complied with a court order over its decisions on granting export licences to sell arms to Saudi Arabia, its trade minister said on Tuesday, meaning it can once again issue new licences to export arms to the kingdom. The Court of Appeal last year concluded that Britain's government had erred in law in its decision-making processes on arms export licences to Saudi Arabia. Trade minister Liz Truss said the government had "now re-taken the decisions that were the subject of judicial review on the correct legal basis, as required by the Order of the Court of Appeal of 20 June".
Austria will ground its nearly 50-year-old SAAB fighter jets at the end of the year and solely rely on its Eurofighter warplanes from January, the defence ministry said on Monday. "The Republic of Austria will continue to pursue all legal means to achieve the goal of withdrawing from the Eurofighter contract and being compensated by Eurofighter," Defence Minister Klaudia Tanner said. "Pending the final court decision, no decisions will be taken with regard to air surveillance which would weaken Austria's position."
BAE Systems delivered its first next-generation radiation-hardened software defined radios enabled by its RAD5545 computer to Lockheed Martin Space.
BAE Systems has been selected to supply hundreds of electric hybrid power and propulsion systems for transit buses in New York City.
The following are the top stories on the business pages of British newspapers. The Times Simon Dingemans is joining Carlyle Group Inc, the international private equity house, as a managing director following his abrupt departure from Britain's accountancy watchdog Financial Reporting Council. The Guardian Capita, one of the major providers of outsourced services to the UK government, plans to cut at least 200 jobs amid financial difficulties exacerbated by the COVID-19 pandemic.
The U.S. Navy has awarded BAE Systems a contract to produce Vertical Launching System canisters with a total lifetime maximum value of $955 million.
Squad X prime contractor Lockheed Martin has awarded BAE Systems a contract to provide key autonomy and artificial intelligence capabilities.
BAE Systems successfully completed test fires of its APKWS® laser-guided rockets from a ground-based weapon system.
BAE Systems stock is a defensive play, since governments in major markets, including the U.S., are prioritizing defense during the coronavirus crisis, creating strong demand for its products
The U.S. Navy has awarded a $3.2 million contract to Data Link Solutions for new Multifunctional Information Distribution System (MIDS) terminals.
BAE Systems, Inc. was awarded a prime position for installing, integrating, and testing the Large Aircraft IR Countermeasures system on KC-130Js.
Its pension deficit was 1.9 billion pounds at the end of October last year. The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines said the bonds will be issued at a coupon rate of 3.4% and will mature in April 2030.
European stock markets headed lower on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic, foreshadowing a deeper earnings recession ahead of the reporting season. The pan-European STOXX 600 index was down 0.2% at 0705 GMT, with energy stocks tracking a slide in oil prices as investors grew doubtful about a Saudi-Russia deal that U.S. President Donald Trump said he had brokered. Zurich Insurance Group AG, AXA SA, Munich Re and Prudential fell between 1.9% and 4.2% after the European Union's insurance regulator asked insurers and reinsurers to temporarily suspend dividends and share buybacks.
Schroders Plc Chairman Michael Dobson has asked independent director and former chief executive of BAE Systems Ian King to lead the process of finding his successor, the British fund manager said on Friday. Dobson was appointed as chairman in April 2016 and previously served as the company's chief executive officer. There is no set timetable for the succession and Dobson will remain chairman until such time as a successor is appointed, a spokeswomen said in an emailed statement.
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BAE Systems will provide the U.S. Navy’s AEGIS Technical Representative organization with system engineering, integration, and testing expertise.
United Technologies Corp and Raytheon Co have offered concessions to address EU antitrust concerns about their plan to create a $120 billion U.S. aerospace and defence giant, a filing on the European Commission website showed on Monday. The companies submitted their concessions on Friday. The European Commission, which did not provide details in line with its policy, extended its deadline for a decision to March 13 from Feb. 28.