| Over a week ago | ||||
The U.S. Navy has awarded… The U.S. Navy has awarded BAE Systems, Inc. a $26M contract for Identification Friend-or-Foe, or IFF, spares for the E-2D Advanced Hawkeye aircraft. Under the contract, BAE Systems will provide Beamforming Networks, an integral part of antenna control for the AN/APX-122A IFF Interrogator system, onboard the carrier-capable tactical aircraft. | ||||
BAE Systems has confirmed… BAE Systems has confirmed its bid submission to provide the CV90 to the Czech Ministry of Defence for the BMP II Replacement Program. In partnership with state-owned defense integrator VOP CZ s.p., the team's offer will ensure the production and delivery of the CV90 MkIV Infantry Fighting Vehicle on schedule and to budget, as well as support the sovereignty of the Czech Army and Czech industry in the service and future development of the vehicle. | ||||
BAE Systems has received… BAE Systems has received a $6.5 million Phase 2 contract from the U.S. Defense Advanced Research Projects Agency to further develop software that will enable semi-autonomous, multi-domain mission planning. The Phase 2 award under the Adapting Cross-Domain Kill-Webs, or ACK, program follows a successful Phase 1 demonstration. As part of Phase 1, BAE Systems' FAST Labs research and development organization, along with teammates Carnegie Mellon University and Uncharted Software, created software called the Multi-domain Adaptive Request Service. The Phase 1 demonstration highlighted the software's ability to update a plan in real time during a live exercise by ingesting information feeds to track the state of planned tasks, and then generating options to adapt the plan to insert new tasks. The Multi-domain Adaptive Request Service software adapts a plan with 100s of missions to insert tasks against new targets, requiring only fractions of a second per target added. Under Phase 2, BAE Systems will continue to mature and advance the software to scale up the capabilities designed to help operators make informed decisions by automatically identifying available assets across domains, and then rapidly assessing the costs and benefits of using those assets when adapting mission tasks. Phase 2 is a step toward the ultimate goal of the program: demonstrating the techniques in a full scale, operationally realistic setting. | ||||
BAE Systems was awarded… BAE Systems was awarded an $843.89M modification to a contract for life cycle contractor support for the Limited Interim Missile Warning System Quick Reaction Capability. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of February 2, 2026. U.S. Army Contracting Command is the contracting activity. | ||||
| Over a month ago | ||||
The U.S. Navy awarded BAE… The U.S. Navy awarded BAE Systems a $140M indefinite-delivery/indefinite-quantity contract for communications engineering support and integration services. From concept through deployment, the company will customize command, control, communications, computer, and intelligence systems to ensure America's warfighters have reliable and secure communications across all domains. The contract - which BAE Systems has won for the past 40 years - includes one base ordering year with four option years. | ||||
BAE Systems and… BAE Systems and Fincantieri Marine Systems were awarded a combined $1.3B maximum ceiling value, firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity, multiple award contract to support sustainment execution efforts for littoral combat ships homeported in Mayport, Florida. These efforts consist of chief of naval operations dry docking selected restricted availabilities and selected restricted availabilities, continuous maintenance, emergent maintenance, ship assessments, preventative/planned maintenance, facilities maintenance, and corrosion control in the contiguous U.S.; and continuous maintenance, emergent maintenance, preventative/planned maintenance, facilities maintenance, and corrosion control, outside the continental U.S. Delivery orders will be competitively awarded under these contracts. Each contract has an estimated ordering period of five years, which is expected to end in August 2026. FY21 operation and maintenance funding in the amount of $20,000 is being obligated at each contract's initial delivery order and will expire at the end of the current fiscal year. These contracts were competitively procured using full and open competition with 16 offers received via the beta.sam.gov website. The Naval Sea Systems Command is the contracting activity. | |
JPMorgan analyst David… JPMorgan analyst David Perry downgraded BAE Systems to Neutral from Overweight with a price target of 645 GBp, up from 605 GBp. The analyst cited three reasons for the downgrade: The stock has risen 18% year-to-date, he sees less potential for EPS growth relative to other Defense stocks over the next 3-4 years, and he sees less scope for re-rating a "pure Defense" stock like BAE Systems than for "hybrid Defense" stocks like Thales or Babcock. | |
BAE Systems (BAESY)… BAE Systems (BAESY) announced it has received a $93M, five-year undefinitized contract action from Lockheed Martin (LMT) to provide critical sustainment support for the AN/ASQ-239 electronic warfare countermeasure system. "The contract will ensure the mission readiness of the growing global fleet of F-35 aircraft," BAE stated. | |
BAE Systems (BAESY)… BAE Systems (BAESY) announced a strategic business agreement that will result in the BAE Systems' FAST Labs research and development organization having early access to select Intel (INTC) technologies. The agreement will enable BAE Systems to develop and more quickly field next-generation defense applications based on Intel's most advanced technology. While commercial off-the-shelf semiconductor technology has increasingly been incorporated into U.S. defense applications, military-grade technology requires domestically developed custom capabilities that go beyond commercially available technology. To date, this development lag of customizing commercial technology has resulted in significant time gaps between chip-level technology and defense applications being fielded. | |
UBS analyst Celine… UBS analyst Celine Fornaro raised the firm's price target on BAE Systems to 575 GBp from 565 GBp and keeps a Neutral rating on the shares. |