BAESY - BAE Systems plc
| Previous Close | 32.82 |
| Open | 32.72 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 32.66 - 33.09 |
| 52 Week Range | 22.36 - 34.74 |
| Volume | 200,797 |
| Avg. Volume | 159,786 |
| Market Cap | 26.413B |
| Beta (5Y Monthly) | 0.42 |
| PE Ratio (TTM) | 26.20 |
| EPS (TTM) | 1.25 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.97 (2.96%) |
| Ex-Dividend Date | Oct 16, 2019 |
| 1y Target Est | 39.89 |
- Reuters
United Technologies, Raytheon offer EU concessions over $120 bln merger deal
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.
- Simply Wall St.
An Intrinsic Calculation For BAE Systems plc (LON:BA.) Suggests It's 28% Undervalued
Does the February share price for BAE Systems plc (LON:BA.) reflect what it's really worth? Today, we will estimate...
- Reuters
UK PM Johnson reviewing government's engagement with business
British Prime Minister Boris Johnson and his team are reviewing how best to engage with business, his office said on Thursday, after Sky News reported officials were keen to scrap the government's business advice councils. Sky reported Johnson was looking at overhauling five business councils set up in November 2018 by his predecessor Theresa May and that the existing structure was likely to be axed. Johnson has met the co-chairs of the business councils, who include Tesco boss Dave Lewis, BAE Systems Chairman Roger Carr and GlaxoSmithKline Chief Executive Emma Walmsley, only once since he took office in July.
- Barrons.com
BAE Systems Stock Climbs as U.S. Activity Boosts Defense Group’s Profits
BAE Systems stock climbed on Tuesday as the U.K. defense contractor boosted profit and sales driven by its U.S. operations.
- Financial Times
BAE to halve pension deficit with £1bn injection
BAE Systems is taking steps to more than halve the deficit of its £20bn pension fund with a £1bn injection as it forecasts further growth in earnings and cash this year on the back of a strong order book. The UK defence company on Thursday said it would borrow to accelerate pension payments as part of its plan to clear the £1.9bn deficit five years early, by the end of 2021. A £1bn injection would be made in the coming months, helping to lighten a burden that for years has weighed down on its shares and constrained the group’s ability to deploy cash.
- Bloomberg
BAE to Make $1.3 Billion Payment to Shrink Pensions Deficit
(Bloomberg) -- BAE Systems Plc will make a 1 billion-pound ($1.3 billion) payment to fund a pensions black hole in coming months after Europe’s biggest defense firm reached an agreement with U.K. regulators.The maker of warships, missiles and Eurofighter warplanes had a pension shortfall of 1.9 billion pounds as of Oct. 31, and will make the debt-funded payment under a deficit-recovery plan that replaces one running until 2026, it said in a statement Thursday. BAE shares rose.A decade of falling global bond yields has hurt returns on pension-fund investments, while historic gains in longevity mean payouts are being made for longer. BAE, which negotiated the new plan with the U.K. pensions regulator and trustees, warned in November that a low bond-yield environment had reduced the accounting value of its pension reserves.“The pension agreement we’ve announced today is a really good outcome for all stakeholders and provides near term certainty for members and the company,” Finance Director Pete Lynas said on a call. The London-based company will most likely raise debt in U.S. bond markets, he said.Jefferies International analyst Sandy Morris said the deal is a major step in resolving a “long-running sore,” though it may stress the company’s balance sheet given BAE’s purchase of more than $2 billion in defense assets that Raytheon Inc. and United Technologies Corp. are selling as part of their merger.BAE traded 4% higher at 665.40 pence, the highest price since July 2018, as of 9:19 a.m. in London, taking gains this year to 18% and valuing the firm at 21.3 billion pounds.Top UpsBAE is due to pay an additional 240 million pounds into the pension pot for the year ending March 31, plus a similar amount by the end of the same month in 2021. Deficit contributions in the U.S. will be $80 million in 2020 and $40 million a year after that.While the bond environment continues to impact BAE’s pension position, asset returns are actually exceeding expectations and the latest assumptions on mortality have also lowered liabilities. The company based its 2017 and 2019 pension valuations on a maximum life expectancy of 89 years for a man aged 65; a one-year change in either direction results in a 1.3 billion-pound adjustment to the deficit, the company said.Lynas said BAE wouldn’t rule out seeking to buy out its pension plan entirely in the future, but that “it’s not something we’re looking at today.”The company announced the payment as it reported a 5% increase in underlying earnings before interest, tax and amortization to 2.1 billion pounds in 2019. For the current year, earnings per share are likely to grow by a mid-single digit percentage from 2019’s 45.8 pence, BAE said.The company said it’s working with industry partners and the U.K. government to fulfill contractual support arrangements with Saudi Arabia after Germany, a partner of BAE in projects including Eurofighter, banned exports to the Mideast country over the killing of Jamal Khashoggi. A follow-on sale of 48 of the fighters agreed in 2018 has been held up as a result.(Updates with further details on pension assumptions from 8th paragraph.)To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Christopher Jasper, Andrew NoëlFor 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.
- Reuters
BAE Systems predicts 2020 growth despite Saudi ban
Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia. The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines, has been affected by a German ban announced in 2019 on exporting arms to Saudi Arabia. The export ban has put a question mark over a multi-billion pound deal to sell 48 Eurofighter Typhoon jets to Riyadh, built by a BAE-led consortium that also includes MTU Aero Engines and Airbus .
- Reuters
Austria widens investigation into Eurofighter deal
Austrian prosecutors said on Tuesday they have widened their fraud investigation in connection with a $2 billion Eurofighter jet purchase following a whistleblower's tip in December. The prosecutors launched investigations into Airbus and the Eurofighter consortium in February 2017 after the defence ministry said it believed they had misled the state about the price, deliverability and equipment of the 2003 deal. Airbus and the consortium, which includes Britain's BAE Systems and Italy's Leonardo, have denied the accusations.
- Zacks
The Truth About Market Timing - February 03, 2020
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
- Simply Wall St.
Does BAE Systems plc (LON:BA.) Have A Good P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Barrons.com
BAE Systems Boosts Position as U.S. Military Supplier with $1.9 Billion Collins Deal
BAE Systems spends more than $2 billion on U.S. defense technology businesses being sold by UTC-Raytheon
- MarketWatch
BAE Systems rallies after snapping up U.S. defense companies
Defense contractor BAE Systems was the best-performing U.K. large-cap company on Monday after announcing plans to buy two different companies that need to be divested for the merger between Raytheon and United Technologies to complete.
- MarketWatch
BAE Systems to buy Collins Aerospace’s GPS, Raytheon’s radio businesses for $2.2 billion
The defense-and-security company said that it will pay $1.93 billion for Collins Aerospace’ GPS business and $275 million for Raytheon Co.’s (RTN) radio business.
- Reuters
BAE Systems spends $2.2 bln on U.S. electronic systems units
British defence company BAE Systems said it was buying two businesses for $2.2 billion to help grow in Electronic Systems, picking up units which had become available as a result of the merger of U.S. rivals Raytheon and United Technologies. BAE said on Monday that it had entered into an agreement to buy Collins Aerospace's Military Global Positioning System for $1.925 billion in cash, and a separate agreement for Raytheon's Airborne Tactical Radios business for $275 million. "Completion of both acquisitions are subject to successful closure of the Raytheon-United Technologies Corporation (UTC) merger, as well as customary regulatory approvals and conditions," the company said in a statement.
- Zacks
The Keys to Successfully Timing the Markets - January 13, 2020
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
- Simply Wall St.
Do BAE Systems plc’s (LON:BA.) Returns On Capital Employed Make The Cut?
Today we'll evaluate BAE Systems plc (LON:BA.) to determine whether it could have potential as an investment idea...
- MarketWatch
British stocks slump on Middle East worries, though oil majors and defense giant limit the fall
LONDON MARKETS British stocks slumped on Monday in a broad-based retreat on worries over Middle East tensions. The U.K. FTSE 100 (UK:UKX) weakened 0.78% to 7562.72, with decliners outnumbering advancers by a 1589-to-590 margin.
