|Bid||636.00 x 0|
|Ask||636.40 x 0|
|Day's range||634.80 - 663.20|
|52-week range||5.69 - 672.80|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||13.88|
|Earnings date||20 Feb 2020|
|Forward dividend & yield||0.28 (4.18%)|
|Ex-dividend date||16 Apr 2020|
|1y target est||652.67|
Though perhaps not the most exciting news, I think the fact it will be clearing its pension deficit early as a string sign for BAE Systems.The post How clearing its pension deficit is another strong sign for the BAE share price appeared first on The Motley Fool UK.
BAE Systems will power up to 600 buses in Ireland with emission reducing electric propulsion systems.
These two FTSE 100 (INDEXFTSE:UKX) stocks have the pedigree to deliver long-term dividend income growth.The post Want to retire wealthy? I’d buy these 2 FTSE 100 dividend shares for a rising passive income appeared first on The Motley Fool UK.
United Technologies Corp and Raytheon Co have offered concessions to address EU antitrust concerns about their plan to create a $120 billion U.S. aerospace and defence giant, a filing on the European Commission website showed on Monday. The companies submitted their concessions on Friday. The European Commission, which did not provide details in line with its policy, extended its deadline for a decision to March 13 from Feb. 28.
Jabran Khan explains why he is excited by this FTSE 100 defence specialistThe post Why I would buy this FTSE 100 powerhouse now appeared first on The Motley Fool UK.
Does the February share price for BAE Systems plc (LON:BA.) reflect what it's really worth? Today, we will estimate...
BAE Systems results for 2019 confirm what I already thought, that I'm looking at a top FTSE 100 income buy.The post Why I'd buy the BAE share price for a dependable income stream today appeared first on The Motley Fool UK.
British Prime Minister Boris Johnson and his team are reviewing how best to engage with business, his office said on Thursday, after Sky News reported officials were keen to scrap the government's business advice councils. Sky reported Johnson was looking at overhauling five business councils set up in November 2018 by his predecessor Theresa May and that the existing structure was likely to be axed. Johnson has met the co-chairs of the business councils, who include Tesco boss Dave Lewis, BAE Systems Chairman Roger Carr and GlaxoSmithKline Chief Executive Emma Walmsley, only once since he took office in July.
Paul Summers highlights a FTSE 100 (LON:INDEXFTSE:UKX) stock he thinks should be on many soon-to-be retirees' radars. The post Wanting to top up your State Pension? I'd buy this FTSE 100 dividend stock appeared first on The Motley Fool UK.
(Bloomberg) -- BAE Systems Plc will make a 1 billion-pound ($1.3 billion) payment to fund a pensions black hole in coming months after Europe’s biggest defense firm reached an agreement with U.K. regulators.The maker of warships, missiles and Eurofighter warplanes had a pension shortfall of 1.9 billion pounds as of Oct. 31, and will make the debt-funded payment under a deficit-recovery plan that replaces one running until 2026, it said in a statement Thursday. BAE shares rose.A decade of falling global bond yields has hurt returns on pension-fund investments, while historic gains in longevity mean payouts are being made for longer. BAE, which negotiated the new plan with the U.K. pensions regulator and trustees, warned in November that a low bond-yield environment had reduced the accounting value of its pension reserves.“The pension agreement we’ve announced today is a really good outcome for all stakeholders and provides near term certainty for members and the company,” Finance Director Pete Lynas said on a call. The London-based company will most likely raise debt in U.S. bond markets, he said.Jefferies International analyst Sandy Morris said the deal is a major step in resolving a “long-running sore,” though it may stress the company’s balance sheet given BAE’s purchase of more than $2 billion in defense assets that Raytheon Inc. and United Technologies Corp. are selling as part of their merger.BAE traded 4% higher at 665.40 pence, the highest price since July 2018, as of 9:19 a.m. in London, taking gains this year to 18% and valuing the firm at 21.3 billion pounds.Top UpsBAE is due to pay an additional 240 million pounds into the pension pot for the year ending March 31, plus a similar amount by the end of the same month in 2021. Deficit contributions in the U.S. will be $80 million in 2020 and $40 million a year after that.While the bond environment continues to impact BAE’s pension position, asset returns are actually exceeding expectations and the latest assumptions on mortality have also lowered liabilities. The company based its 2017 and 2019 pension valuations on a maximum life expectancy of 89 years for a man aged 65; a one-year change in either direction results in a 1.3 billion-pound adjustment to the deficit, the company said.Lynas said BAE wouldn’t rule out seeking to buy out its pension plan entirely in the future, but that “it’s not something we’re looking at today.”The company announced the payment as it reported a 5% increase in underlying earnings before interest, tax and amortization to 2.1 billion pounds in 2019. For the current year, earnings per share are likely to grow by a mid-single digit percentage from 2019’s 45.8 pence, BAE said.The company said it’s working with industry partners and the U.K. government to fulfill contractual support arrangements with Saudi Arabia after Germany, a partner of BAE in projects including Eurofighter, banned exports to the Mideast country over the killing of Jamal Khashoggi. A follow-on sale of 48 of the fighters agreed in 2018 has been held up as a result.(Updates with further details on pension assumptions from 8th paragraph.)To contact the reporter on this story: Charlotte Ryan in London at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, Christopher Jasper, Andrew NoëlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The chief executive of BAE Systems is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible. Charles Woodburn told reporters on a call on Thursday that there was an opportunity to sell more Typhoons to Germany as well as other countries. Asked about a British project to build a new fighter jet, a project which involves Sweden and Italy, Woodburn said that other countries could also join and the UK government was leading talks.
Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia. The maker of Typhoon fighters, combat vehicles and Astute Class nuclear-powered attack submarines, has been affected by a German ban announced in 2019 on exporting arms to Saudi Arabia. The export ban has put a question mark over a multi-billion pound deal to sell 48 Eurofighter Typhoon jets to Riyadh, built by a BAE-led consortium that also includes MTU Aero Engines and Airbus .
British defence company BAE Systems posted annual earnings growth of 7%, in line with forecasts, and said that next year earnings would grow by a mid-single digit percentage, boosted by a ramp up in its activities in the United States. Earnings per share came in at 45.8 pence for 2019, at the upper end of a forecast for a mid-single digit rise on 2018's 42.9 pence, helped by an improved operational performance and a slightly lower tax rate.
Austrian prosecutors said on Tuesday they have widened their fraud investigation in connection with a $2 billion Eurofighter jet purchase following a whistleblower's tip in December. The prosecutors launched investigations into Airbus and the Eurofighter consortium in February 2017 after the defence ministry said it believed they had misled the state about the price, deliverability and equipment of the 2003 deal. Airbus and the consortium, which includes Britain's BAE Systems and Italy's Leonardo, have denied the accusations.
BAE Systems Inc. was awarded a $300 million contract to provide enterprise and mission-critical information technology support to FEMA.
BAE Systems to develop advanced analytics technology for DARPA to assist in the detection and deterrence of weapons of mass destruction activity
I think these two FTSE 100 (INDEXFTSE:UKX) stocks offer bright long-term outlooks.The post No savings at 40? I'd buy these 2 FTSE 100 shares to get rich and retire early appeared first on The Motley Fool UK.
If you're aiming to build a passive income stream, I think these FTSE 100 stocks could help you retire early with their regular payouts. The post Looking for a second income stream? I'd buy these FTSE 100 dividend stocks appeared first on The Motley Fool UK.
NAWCAD awarded BAE Systems with two separate contracts for C5ISR design and integration work aboard guided-missile destroyers and cruisers.
Paul Summers highlights three income favourites, all of which are due to report to the market in February. The post 3 FTSE 100 dividend stocks I'd watch out for in February appeared first on The Motley Fool UK.
BAE Systems (LON: BA) shares are up 12% this year so far. City analysts believe they can keep rising. The post BAE Systems shares: JP Morgan analysts just raised their target price to 730p appeared first on The Motley Fool UK.
DARPA selects BAE Systems to build next-generation advanced electronics under Technologies for Mixed mode Ultra Scaled Integrated Circuits program.