baesystems
British aerospace, defence and information security company BAE Systems Plc said on Monday that it has secured a major contract from the US Marine Corps. The deal worth $79 million is to build and deliver production representative test vehicles (PRTVs) for the amphibious combat vehicle recovery (ACV-R) programme, BAE said. Garrett Lacaillade, vice president of amphibious programmes at BAE Systems, said, "The ACV-R is a modern, highly capable recovery and mobile repair unit that provides critical expeditionary support to immobilized ACVs in the field and provides maintenance support capabilitie...
DPA Breaking News
British multinational aerospace and defence company BAE Systems plc announced on Wednesday that it had won a deal from the US Army to supply howitzers worth up to $318 million. The contract is for providing technical and sustainment support services for the M109A6 and A7 self-propelled howitzers, as well as the M992A3 carrier and tracked vehicles. The five-year system technical support and sustainment system technical support contract involves delivering engineering and logistics services for enhancing capabilities, maintenance, and testing on the vehicle range. This services contract comes af...
DPA Breaking News
BAE Systems plc (LON:BA)’s full-year revenues grew 8.9% to £21.3bn, reflecting growth in all segments. This included double-digit growth from the Electronic Systems division, which develops precision guidance and military flight controls. Underlying operating profits rose from £2.2bn to £2.5bn, ahead of consensus. There was a record order intake of £37.1bn last year as many countries increased their defence budgets. This brings the total order backlog up to £59bn. Q4 2022 hedge fund letters, conferences and more Free cash flow rose marginally from £1.9bn to £2.0bn. The net debt position improv...
ValueWalk
BAE Systems plc (LON:BA)’s underlying sales of £10bn were up 6% at constant exchange rates (CER). That reflected growth across all segments. Underlying operating profits were up 27% at CER to £1bn, with underlying earnings-per-share (EPS) of 21.9p. Q2 2021 hedge fund letters, conferences and more Taking the impact of currency headwinds into account, the group expects full year sales growth between 3% and 5% and profit growth of 6% to 8%. EPS are seen increasing between 3% and 5%, and the group plans to deliver over £1bn in operating free cash flow. The interim dividend rose 5.3% to 9.9p. The b...
ValueWalk
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