Bae Systems Stock Price, News & Analysis

BAE Systems has secured a contract with Germany to supply an additional 227 BvS10 all-terrain vehicles, valued at approximately $400 million. This contract, part of a joint procurement initiative involving Sweden and the UK, aims to enhance Arctic operational capabilities until 2030. The vehicles will include variants for troop transport, command, and logistics support, showcasing BAE Systems' leadership in all-terrain military solutions. Deliveries are set to commence in 2024. The BvS10 vehicles are designed for extreme environments, complying with NATO standards and offering modular configurations for various missions.

BAE Systems has signed a contract with Norway's Ritek AS to produce two new CV90 variants for the Swedish Armed Forces. This partnership enhances industrial cooperation and strengthens BAE's supply chain, building on previous collaborations to modernize Norwegian CV90s. The new variants, the Forward Maintenance and Combat Engineer vehicles, are aimed at improving combat support and operational efficiency. Deliveries are scheduled between 2023 and 2027. Ritek's CEO highlighted that this contract is a testament to their enhanced capabilities due to their partnership with BAE. With around 1,300 CV90s currently in service across several countries, this vehicle continues to evolve to meet modern military needs.

The U.S. Defense Advanced Research Projects Agency (DARPA) has awarded BAE Systems a contract worth $8.3 million to develop an advanced autonomy system as part of the SCEPTER program. This initiative aims to create machine-generated strategies for operational planning, incorporating human oversight within trusted simulations. The project will be executed by BAE Systems’ FAST Labs in collaboration with experts from academia. The SCEPTER program will unfold across two phases over three years, emphasizing the importance of reliable operational strategies in complex decision-making environments. This contract enhances BAE Systems' existing autonomy portfolio and underscores its long-standing commitment to pioneering autonomy technology in defense. The focus is on optimizing operational planning through innovative machine-learning techniques.

BAE Systems has commenced the construction of a $200 million Pearlson Shiplift and repair complex at its Jacksonville shipyard, which is set to enhance its vessel repair capabilities beginning in 2025. This facility will significantly expand the shipyard's docking capacity by 300% and create approximately 1,000 new jobs. The groundbreaking ceremony was attended by notable representatives, including Lt. Governor Jeanette Nuñez and U.S. Representative Aaron Bean, who highlighted the project’s importance for national defense and local employment. The state-of-the-art shiplift system will be capable of accommodating U.S. Navy guided missile destroyers and commercial vessels up to 25,000 tons. This investment aims to bolster BAE's role in servicing military vessels while also tapping into the commercial ship repair market.