Welcome to our dedicated page for Bae Systems news (Ticker: BAESY), a resource for investors and traders seeking the latest updates and insights on Bae Systems stock.
BAE Systems plc (OTCQX: BAESY) is a global defense, aerospace, and security company providing advanced technology solutions for government and commercial markets. This dedicated news hub offers investors and industry professionals centralized access to official announcements and verified developments.
Track critical updates including defense contract awards, earnings reports, and technological innovations across air, land, and naval systems. Our curated collection features press releases on strategic partnerships, product milestones, and operational developments that shape the company's position in global security markets.
Discover timely information on BAESY's naval platform advancements, electronic warfare capabilities, and sustainment programs while maintaining compliance with international defense regulations. The repository serves as an essential resource for understanding the company's role in modern military readiness and technological integration.
Bookmark this page for streamlined access to BAE Systems' latest corporate communications, with updates spanning international expansion initiatives, R&D breakthroughs, and leadership announcements. Verify critical developments through primary-source documentation while maintaining awareness of evolving defense sector dynamics.
Mangata Networks has selected Scotland for its research and development, satellite manufacturing, and core network operations, creating 575 new jobs backed by £83.7 million in funding. The facility at Prestwick International Aerospace Park will manufacture and test over 24 satellites every three months. The funding package includes £54.5 million from Scottish Enterprise and £29.2 million from the Ayrshire Growth Deal, repayable over 15 years. This development is expected to position Scotland as a key player in the global space market.
BAE Systems (BAESY) has partnered with Elbit Systems of America, Curtiss-Wright Corporation, and QinetiQ Limited to design the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV). The collaboration aims to create a next-generation combat vehicle that meets the Army's needs for speed, agility, and survivability. The proposal has been submitted, featuring Elbit's advanced 50mm Unmanned Turret and a Modular Open Systems Architecture for rapid technology updates. BAE's experience with Hybrid Electric Drive technology will further enhance the vehicle's capabilities.
BAE Systems has successfully completed ground-to-air test firings of its 70mm rockets guided by APKWS® kits, achieving a perfect success rate against Class-2 unmanned aerial systems in Southern Arizona. Five APKWS-guided rockets were fired, destroying all targets, showcasing efficient countermeasures against increasingly common militarized drones without relying on costly missiles. The precision and flexibility of these munitions can meet evolving mission needs, with production facilities located in Hudson, New Hampshire, and Austin, Texas.
BAE Systems has partnered with Microsoft to integrate Azure cloud technologies into its Pioneer™ wargaming platform, enhancing simulation realism and decision-making capabilities for customers. This collaboration will utilize advanced cloud computing services, facilitating co-reasoning between humans and machines across various domains, including land, air, sea, space, and cyber. The integration is expected to bolster BAE's modeling and simulations ecosystem, delivering critical analytics and immersive environments.
BAE Systems has successfully tested its APKWS® laser-guidance kits that utilize High-Explosive Anti-Tank Anti-Personnel Anti-Materiel (HEAT/APAM) warheads. All test rockets achieved direct hits on armored targets, showcasing their precision and versatility for engaging various threats. These guidance kits can convert unguided rockets into smart munitions, offering enhanced strike capabilities against both armored and unarmored targets. They are compatible with existing Hydra rocket components and require minimal training to use.
BAE Systems has been awarded a
BAE Systems has secured £80 million in contracts to continue servicing and supporting the Eurofighter Typhoon aircraft's avionics for the air forces of Germany, Spain, the UK, and Italy over the next five years. This agreement ensures ongoing service for key avionics equipment, including displays and flight controls, enhancing mission readiness. The avionics support team is embedded within the Typhoon Total Availability Enterprise contract, ensuring timely repairs and operational efficiency for the customer.
Firefly Aerospace has appointed Dan Fermon as Chief Operating Officer (COO) to drive rapid expansion. Fermon, a veteran in aerospace, has been with Firefly since May 2022. Under his leadership, the company aims for six Alpha launches in 2023 and twelve in 2024 while enhancing facilities in Texas, California, and Florida. Additionally, Justin Siebert has joined as Vice President of Operations, with significant experience from BAE Systems. The company continues to secure contracts, including recent milestones with the US Space Force and NASA.
BAE Systems Combat Mission Systems recognized AMZ Manufacturing Corp. and Leading Technology Composites Inc. as Suppliers of the Year at its annual ‘Partner2Win’ Symposium on November 1, 2022. This event celebrated suppliers for their high performance and global competitiveness. A total of 25 Supplier of the Year awards and 34 ‘Partner2Win’ medals were presented, highlighting the company’s commitment to delivering quality combat systems. This initiative emphasizes BAE's dedication to safety, partnership, and innovation.
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