BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

1,296.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 1,369.00
  • 52 Week Low: 888.20
  • Currency: UK Pounds
  • Shares Issued: 3,023.16m
  • Volume: 5,469,670
  • Market Cap: £39,180m
  • RiskGrade: 108

BAE Systems secures £181m Royal Navy contract

By Michele Maatouk

Date: Tuesday 28 Feb 2023

LONDON (ShareCast) - (Sharecast News) - BAE Systems said on Tuesday that it has secured a $219m (£181m) contract to equip the Royal Navy's Type 26 frigates with five Mk 45 Maritime Indirect Fire Systems (MIFS).
The system combines the 5-inch, 62-caliber Mk 45 Mod 4A naval gun system with a fully automated Ammunition Handling System (AHS).

Brent Butcher, vice president of the weapon systems product line at BAE Systems, said: "We have innovated and customised the Mk 45 system to provide a critical and reliable fully-automatic ammunition handling solution that revolutionises medium and large caliber naval gunnery.

"The customised, lightweight and compact Mk 45 gun system with AHS provides our customers commonality with the U.S. Navy, a highly-reliable system with security of lifecycle support, and access to future technology upgrades. We look forward to continuing to build these critical partnerships and delivering the MIFS system to our UK customer."

The Type 26 frigates, the first of which is due to be delivered to the Royal Navy in the mid-2020s, will be one of the world's most advanced classes of warships, with the primary purpose of anti-submarine warfare, BAE said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAE Market Data

Currency UK Pounds
Share Price 1,296.00p
Change Today 9.00p
% Change 0.70 %
52 Week High 1,369.00
52 Week Low 888.20
Volume 5,469,670
Shares Issued 3,023.16m
Market Cap £39,180m
RiskGrade 108

BAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.78% below the market average95.78% below the market average95.78% below the market average95.78% below the market average95.78% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
86.70% above the market average86.70% above the market average86.70% above the market average86.70% above the market average86.70% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income
60.4% below the market average60.4% below the market average60.4% below the market average60.4% below the market average60.4% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
25.11% below the market average25.11% below the market average25.11% below the market average25.11% below the market average25.11% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 7
Sell 1
Strong Sell 0
Total 21
buy
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BAE Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 19-Oct-23
Paid 03-Jun-24 30-Nov-23
Amount 18.50p 11.50p

Trades for 19-Apr-2024

Time Volume / Share Price
17:10 8,514 @ 1,299.36p
17:08 3,626 @ 1,295.46p
16:38 5,000 @ 1,284.00p
16:36 114,652 @ 1,296.00p
16:35 1,642,650 @ 1,296.00p

BAE Key Personnel

CEO Charles Woodburn
Chair Cressida Hogg

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