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BAE Systems plc (BAESY) Stock News, Aug-Sep 2021

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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.

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BAE Systems has secured a $6.5 million Phase 2 contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to enhance software for semi-autonomous, multi-domain mission planning. This award follows a successful Phase 1 demonstration of the Multi-domain Adaptive Request Service software, which proved capable of real-time mission updates. Under Phase 2, BAE Systems aims to scale capabilities to assist operators in efficiently allocating resources across various domains, with the ultimate goal of full operational demonstration.

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BAE Systems has appointed retired U.S. Air Force General Stephen W. Wilson and former CIA director Gina Haspel to its Board of Directors, serving through April 2024. The chairman, Michael Chertoff, emphasized their extensive national security expertise will enhance the company’s leadership. General Wilson brings nearly 40 years of military experience, while Haspel has a distinguished career with the CIA, being the first woman to serve as its director. These appointments aim to strengthen BAE Systems’ strategic direction and customer support.

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BAE Systems has launched its ultra-small MicroGRAM-M GPS receiver, designed for military applications and compatible with next-generation M-Code military GPS signals. Measuring just 1.0” x 1.25” x 0.275”, it's the smallest and most power-efficient M-Code receiver currently available. The device features rapid secure GPS signal acquisition, anti-jamming, and anti-spoofing capabilities. Full-rate production is anticipated in 2022, enhancing the company’s offerings in secure positioning and navigation technology.

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FAQ

What is the current stock price of BAE Systems (BAESY)?

BAE Systems (BAESY) last closed at $110.85.

What is the market cap of BAE Systems (BAESY)?

The market cap of BAE Systems (BAESY) is approximately $81.0B.