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

BAE SYSTEMS

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BAE : U.S. Army extends contract for Bradley Fighting Vehicle upgrades

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10/08/2019 | 10:55am EST

The award for an additional 168 upgraded Bradley A4 Infantry Fighting Vehicles is part of the Army's combat vehicle modernization strategy and helps ensure force readiness of the Armored Brigade Combat Teams (ABCT).

The Bradley A4 is equipped with an enhanced powertrain that maximizes mobility and increases engine horsepower, providing rapid movement in reaction to combat or other adverse situations. Wide angle Driver's Vision Enhancer, improved Force XXI Battle Command Bridge and Below (FBCB2) software integration improves friendly and enemy vehicle identification, enhancing situational awareness. The addition of a High Speed Slip Ring, greater network connectivity and Smart Displays that simultaneously display classified and unclassified information also improve situational awareness.

'The Bradley is one of the most critical vehicles in the Army's ABCT today because it allows the Army to transport troops to the fight, and provide covering fire to suppress enemy vehicles and troops,' said Scott Davis, vice president of combat vehicle programs for BAE Systems. 'Upgrading to the A4 configuration provides soldiers with more power to increase their speed and ability to integrate enhanced technology to ensure they maintain the advantage on the battlefield.'

Previously awarded funding for initial production of 164 Bradley A4 vehicles allowed BAE Systems to begin production. The award of this option brings the total production funding to $578 million. It includes upgrades and associated spares of two Bradley variants: the M2A4 Infantry Fighting Vehicle and the M7A4 Fire Support Team Vehicle.

BAE Systems is a premiere supplier of combat vehicles to the U.S. military and international customers. The company has an extensive manufacturing network across the United States and continues to invest in it. Work on the program will take place at Red River Army Depot in Texarkana, Texas, and BAE Systems' facilities in Aiken, South Carolina; Anniston, Alabama; Minneapolis, Minnesota; San Jose, California; Sterling Heights, Michigan; and York, Pennsylvania.

Disclaimer

BAE Systems plc published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 14:54:01 UTC

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Financials (GBP)
Sales 2019 19 848 M
EBIT 2019 2 081 M
Net income 2019 1 317 M
Debt 2019 934 M
Yield 2019 4,02%
P/E ratio 2019 13,7x
P/E ratio 2020 13,8x
EV / Sales2019 0,97x
EV / Sales2020 0,93x
Capitalization 18 371 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 605,20  GBp
Last Close Price 573,60  GBp
Spread / Highest target 19,4%
Spread / Average Target 5,51%
Spread / Lowest Target -7,60%
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Managers
NameTitle
Charles Nicolas Woodburn Group Chief Executive Officer & Director
Roger M. Carr Chairman
Peter John Lynas Group Finance Director & Executive Director
Nigel Whitehead Chief Technology Officer
Steve N. Millward Chief Information Officer
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