Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BAE Systems    BA.   GB0002634946

BAE SYSTEMS (BA.)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BAE : Eurofighter fleet passes 500,000 flying hours

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2018 | 07:49am EST

Eurofighter Jagdflugzeug GmbH confirmed the milestone today, saying that the aircraft is combat proven, incredibly reliable and ready to play a key role in the future battlespace.

Eurofighter celebrates 500,000 flying hours

Eurofighter completes 500,000 flying hours

1 of 5

of

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

Eurofighter completes 500,000 flying hours

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

German Airforce

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

Eurofighter completes 500,000 flying hours

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

Eurofighter completes 500,000 flying hours

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

Eurofighter Typhoon reaches 500k milestone

Royal Air Force Typhoon Force Commander, Air Commodore Mark Chappell and Typhoon Support Delivery Director Richard Hamilton, in the Typhoon Maintenance Facility RAF Coningsby.

The images on this site are the property of BAE Systems (Copyright © 2018 BAE Systems. All rights reserved)

Volker Paltzo, CEO of Eurofighter Jagdflugzeug GmbH, said: 'Passing the 500,000 flying hours milestone underscores the fact that today Eurofighter Typhoon is the backbone of NATO's European air defence.

'But, looking to future horizons, it will continue to be developed to defend against all threats for decades to come. The aircraft will play a key role in the future battlespace, and will be a central pillar in any future European combat air system, developing and integrating key technologies that will feed in to that future system.'

Eurofighter Typhoon has rapidly accumulated hours across the fleet, particularly in recent years, following an increase in the tempo of air policing and combat operations. There is now a fleet of almost 500 aircraft protecting Europe's borders, with the potential for this number to grow substantially in the coming decades.

In the future, Eurofighter Typhoon will get a new electronically scanned array radar, an enhanced human machine interface and new weapons.

Eurofighter is the biggest and most successful defence collaboration programme ever undertaken in Europe. It has provided security, industrial and economic cooperation and sustainment on a previously unseen scale. It is the model for future defence and industrial collaboration in Europe.

Clemens Linden, CEO of Eurojet Turbo GmbH, who provide the engines for the aircraft, joined the celebrations.

He said: 'We have clocked up more than a million hours of engine performance for the EJ200 which is a major achievement and through countless deployments, both in Europe and internationally, we have enjoyed incredible engine reliability.
'There's no doubt, that over the first million flying hours, the EJ200 engines have demonstrated they are the best in their class. Looking ahead to the next million, the engine can also be further developed to ensure that Eurofighter Typhoon will maintain its combat edge.'

Disclaimer

BAE Systems plc published this content on 09 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 November 2018 12:48:04 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAE SYSTEMS
01/18BAE : British Equestrian teams set to benefitfrom fighter jet technology
AQ
01/18BAE : Sign Up for Air Mission Planning and Support Conference as Gold Sponsors
AQ
01/17BAE : British Equestrian teams set to benefit from fighter jet technology
PU
01/17BAE : sign up for Air Mission Planning and Support Conference as Gold Sponsors
AQ
01/17BAE : FADEC Alliance signs agreement with Lufthansa Technik to provide LEAP Engi..
PU
01/17BAE : Harnessing tech for sporting success
PU
01/16WANTED : Data Engineers
PU
01/15BAE : unit wins $474 million U.S. defence contract - Pentagon
RE
01/15BAE : Gets U.S. Navy Communication Platforms Contract
DJ
01/15BAE : to enhance the communications and connectivity of U.S. and Joint forces ac..
PU
More news
Financials (GBP)
Sales 2018 18 457 M
EBIT 2018 1 881 M
Net income 2018 1 114 M
Debt 2018 796 M
Yield 2018 4,37%
P/E ratio 2018 14,72
P/E ratio 2019 13,60
EV / Sales 2018 0,93x
EV / Sales 2019 0,87x
Capitalization 16 299 M
Chart BAE SYSTEMS
Duration : Period :
BAE Systems Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAE SYSTEMS
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 6,38  GBP
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Charles Nicolas Woodburn Chief Executive Officer & Director
Roger M. Carr Chairman
Peter John Lynas Executive Director & Group Finance Director
Nigel Whitehead Chief Technology Officer
Steve N. Millward Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BAE SYSTEMS11.06%20 979
UNITED TECHNOLOGIES CORPORATION5.91%98 339
LOCKHEED MARTIN CORPORATION8.03%80 455
GENERAL DYNAMICS5.41%49 078
RAYTHEON7.86%47 072
NORTHROP GRUMMAN CORPORATION7.83%46 487