Bae Systems Stock Price, News & Analysis

BAE Systems has secured $491 million in contracts from Lockheed Martin to manufacture advanced Block 4 electronic warfare (EW) systems for future F-35 Lightning II fighter jets. This new contract builds on the delivery of 1,200 F-35 EW systems to date. The Block 4 enhancements aim to improve situational awareness and survivability while offering adaptability against evolving threats. With upgraded hardware and software, the system enhances the detection of modern threats. BAE's facilities in Manchester and Nashua will manufacture these systems.

BAE Systems is enhancing its manufacturing capabilities by expanding the production lines for the Armored Multi-Purpose Vehicle (AMPV) and Amphibious Combat Vehicle (ACV) at its York, Pennsylvania site. This initiative is part of a comprehensive strategy to improve efficiency and innovation. The York facility will serve as the Production Center of Excellence for these programs. Additionally, the company is investing in advanced manufacturing techniques, including robotic welding and new testing facilities. These upgrades aim to meet increasing customer demands and enhance the production of essential military vehicles for the U.S. Government.

BAE Systems and Heart Aerospace have announced a collaboration to develop a groundbreaking battery system for Heart’s ES-30 regional electric airplane. This battery, the first of its kind for an electric conventional takeoff and landing (eCTOL) aircraft, will enable zero-emission operations and low noise. BAE's extensive expertise in electrifying heavy-duty vehicles will support the project, which will be based in Endicott, New York. The ES-30 will offer an all-electric range of 200 km and a hybrid range of 400 km, with significant orders already in place, making strides toward sustainable air travel.

BAE Systems (BAESY) announced a successful test of its Sub-Caliber Artillery Long-Range Projectile with Enhanced Lethality, in collaboration with the U.S. Army. This projectile was fired from a 155 mm XM907E2 cannon, hitting targets beyond the capabilities of existing precision guided munitions. The test confirmed compatibility with the Army's Extended Range Cannon Artillery (ERCA) system, marking a significant advancement in long-range precision fire capabilities. BAE has invested heavily in this technology, having conducted over 100 tests and earlier achieving over 110 kilometers in range with the Extended Range Hypervelocity Projectile.

BAE Systems has tested its APKWS® laser-guidance kits in a successful counter-UAS mission, demonstrating effectiveness against Class-2 unmanned aerial systems (UAS). This testing opens avenues for global fielding of precision-guided rockets to allied nations. The APKWS technology enhances unguided rockets for precision strikes, effectively engaging drones at a lower cost compared to existing C-UAS systems. During a Department of Defense-led exercise, APKWS-guided rockets achieved a 100% success rate against drones weighing 25 to 50 pounds. The production capacity allows for ramping up to 25,000 units annually, supporting U.S. armed forces and allies via Foreign Military Sales.

BAE Systems has announced its agreement to supply next-generation electric power and propulsion systems for three hydrogen fuel cell buses in Rochester, New York. This initiative supports the Rochester-Genesee Regional Transportation Authority's mission to transition to a zero-emission fleet, funded by the Federal Transit Administration’s Low or No Emission Vehicle Grant Program. BAE's Gen3 electric drive system, integrated with a 125kW Progen hydrogen fuel cell engine from Plug Power, will enable efficient, emission-free operations. This marks a significant step towards sustainable public transit solutions.

On March 13, BAE Systems (OTC-PINK:BAESY) announced its pivotal role in the AUKUS trilateral agreement, aiding Australia in acquiring its first nuclear-powered submarines. This initiative, involving the UK and the US, focuses on developing a new submarine design, expected to commence construction this decade. BAE Systems CEO, Charles Woodburn, highlighted the agreement as a significant enhancement of international partnerships. The company has invested over £1 billion in its Barrow-in-Furness facilities and plans to recruit 1,000 new apprentices and graduates, reinforcing its commitment to the UK’s submarine programs.

BAE Systems has appointed Lisa Malloy as the new senior vice president for communications, effective immediately. Reporting to President and CEO Tom Arseneault, Malloy will oversee all internal and external communications, as well as community investment initiatives. She brings over 20 years of experience in communications across various sectors, including technology and manufacturing. Previously, she held a key position at Intel Corporation, managing global government and manufacturing communications. Malloy holds a Bachelor of Arts degree in public relations and communications from Virginia Tech.