BAESY - BAE Systems plc
| Previous Close | 33.73 |
| Open | 33.81 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 33.50 - 33.88 |
| 52 Week Range | 22.36 - 33.90 |
| Volume | 236,766 |
| Avg. Volume | 164,030 |
| Market Cap | 26.816B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 26.94 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 37.73 |
- 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.
- Bloomberg
BAE Lands $2 Billion Defense Trove From UTC-Raytheon Merger
(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 cjasper@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, 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.
- 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.
- Financial Times
BAE Systems to buy Collins’ GPS business for $1.9bn
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.
- 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.
- Financial Times
BAE/Collins GPS: on-target takeover
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.
- 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.
- Zacks
Simple Market Timing Strategies That Work - December 23, 2019
Have you ever dreamed of being that one in a million investor who has the talent to perfectly time the markets?
- Simply Wall St.
Introducing BAE Systems (LON:BA.), A Stock That Climbed 24% In The Last Five Years
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
- Benzinga
An Investor's Guide To Fighter Jets
The fighter jet is a military aircraft designed for air-to-air combat against other aircraft. Savvy investors on the prowl for investment opportunities in the space have a number of choices. A number ...
- Reuters
UK Labour leader Corbyn would stop arms sales to Saudi Arabia for use in Yemen
Britain's Labour Party leader Jeremy Corbyn said on Sunday he would stop arms sales to Saudi Arabia for use in Yemen if he wins an election this month. "Labour will stop arms sales to Saudi Arabia for use in Yemen and work to end the war there, not actively support it as the Conservative government has done," Corbyn said in a speech setting out Labour's foreign policy objectives.
- Reuters
Italy approves second phase of F-35 investment programme - minister
Italy will press ahead with an investment programme for F-35 fighter jets, Defence Minister Lorenzo Guerini said, after uncertainty over further orders from the Rome government had raised questions on production plans. "As the government aims to build on the investments made so far and seize the opportunities offered by the programme, I've decide to give a green light to the phase two," Guerini said during a parliamentary hearing on Thursday. Luigi Di Maio, leader of the co-ruling 5-Star Movement, said last year that F-35 fighter jets were not a priority for the country and that the programme had to be reviewed in 2019.
- Zacks
When Does Market Timing Actually Work? - November 27, 2019
In the long-run, does consistent market timing really matter to be a successful investor?
- Simply Wall St.
If You Like EPS Growth Then Check Out BAE Systems (LON:BA.) Before It's Too Late
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
- Zacks
Simple Market Timing Strategies That Work - November 06, 2019
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
- Zacks
The Truth About Market Timing - October 16, 2019
In the long-run, does consistent market timing really matter to be a successful investor?
- Reuters
Italy to go ahead with its F-35 fighter jet programme -minister
Italy Defence Minister Lorenzo Guerini said on Wednesday that the government intends to confirm its F-35 fighter jet investment programme. "Renewing our fleet is a need that cannot be postponed," Guerini, a member of the ruling Democratic Party (PD), said in an interview with Italian newspaper Il Corriere della Sera. "I can assure you that Italy's participation in the F-35 programme meets the objectives of effectiveness and efficiency of the military instrument," he said.
