Bae Systems - BAESY STOCK NEWS

BAE Systems has successfully tested its APKWS® laser-guided rockets against unmanned aerial systems (UAS) at Yuma Proving Grounds. These tests showcased the rockets' affordability and effectiveness in precision strikes, utilizing a new proximity fuze developed in partnership with L3Harris Technologies and Technology Service Corporation. The APKWS rockets are designed to engage small, tactical drones without requiring a direct hit, significantly enhancing military capabilities for the U.S. armed forces and allies.

BAE Systems has been awarded contracts worth approximately $139.7 million by the Defense Logistics Agency (DLA) for Energy Automation Operational Technology Sustainment. These contracts will enhance DLA's operational capabilities for the Department of Defense, focusing on fuel system supply and distribution. BAE Systems will provide around-the-clock engineering, maintenance, and integration services for DLA’s Automated Tank Gauging and Overfill Protection Equipment, ensuring the efficient delivery and storage of fuel for U.S. military operations worldwide.

BAE Systems has secured a five-year, $68.5 million indefinite delivery, indefinite quantity contract to provide lifecycle sustainment, integration, and engineering services for U.S. aircraft carriers. This contract, awarded under the Air Traffic Control and Landing Systems (ATC&LS) Engineering Products & Technical Services (EPTS), allows BAE to leverage its extensive program history to enhance the AN/SPN-46(V) Automatic Carrier Landing System. The company has held this key air traffic control contract since 1973, ensuring safety and reliability for critical carrier-based operations.

BAE Systems has been awarded a 10-year indefinite delivery/indefinite quantity (IDIQ) contract by the U.S. Army on August 24, 2021, aimed at providing life-cycle sustainment and technical support for the Limited Interim Missile Warning System (LIMWS) program. This contract has a ceiling value of $872 million. The 2-Color Advanced Warning System (2CAWS), developed for this program, enhances missile warning capabilities with advanced features like two-color infrared sensors and machine learning algorithms.

According to BAE Systems' The State of Anti-Money Laundering 2021 report, human trafficking is among the top concerns for financial institutions, with 77% of compliance professionals lacking confidence in stopping associated crimes. The report reveals that over 60% find new money laundering techniques harder to detect, contributing to substantial financial losses. In the UK, 25% of compliance professionals cited human trafficking as the largest loss source. The study highlights a stagnant compliance culture and calls for better collaboration among banks, law enforcement, and policymakers to tackle these challenges effectively.

BAE Systems Applied Intelligence has upgraded its NetReveal Compliance Solution Suite to meet evolving challenges in money laundering and terrorist finance compliance. As regulatory expectations broaden, BAE is enhancing features to support financial institutions. Key upgrades include a new Criminal Offenses Scenario Library, automated false positive reduction of ~55%, and integration with Dun & Bradstreet for faster investigations. These improvements aim to provide agile solutions for organizations navigating complex regulatory requirements in a digital landscape.

BAE Systems has secured funding from the UK Department of Transport to develop new power and propulsion technologies aimed at reducing emissions in London. Partnering with Uber Boat by Thames Clippers and Cory, the projects will focus on electric propulsion and power management. These studies, part of the Clean Maritime Demonstration Competition, aim to assess the feasibility of innovative connected systems and introduce rapid charging infrastructure. The studies will begin this month and are expected to conclude by March 2022.

The U.S. Navy has awarded BAE Systems a $26 million contract for Identification Friend-or-Foe (IFF) spares for the E-2D Advanced Hawkeye. The contract includes providing Beamforming Networks (BFNs) critical for the AN/APX-122A IFF Interrogator system used in tactical aircraft. This system enhances situational awareness, allowing operators to identify friendly forces, thereby reducing friendly fire incidents and supporting mission success.

BAE Systems has submitted a bid to provide the combat-proven CV90 to the Czech Ministry of Defence for the BMP II Replacement Program, in partnership with VOP CZ s.p. This proposal aims to ensure timely production and delivery of the CV90 MkIV Infantry Fighting Vehicle while supporting Czech sovereignty in defense. BAE Systems emphasizes its successful industrial cooperation with local companies and academia, which aligns with Czech industrial aspirations. The CV90 MkIV offers advanced capabilities, integrating modern technology to enhance crew performance and battlefield effectiveness.