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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
  Report
Delayed London Stock Exchange  -  11:35:01 2023-01-27 am EST
851.40 GBX   -0.72%
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BAE Systems Teams with Elbit Systems of America, Curtiss-Wright Corporation, and Qinetiq Limited on Its Design for the U.S. Army’s Optionally Manned Fighting Vehicle

11/30/2022 | 11:00am EST

BAE Systems is teaming with Elbit Systems of America, Curtiss-Wright Corporation, and QinetiQ Limited on its design for the U.S. Army's Optionally Manned Fighting Vehicle (OMFV). The companies will work together to produce an innovative, purpose-built, next-generation combat vehicle designed to meet the U.S. Army's requirements for an agile, lethal, and survivable solution that will help redefine land combat operations and maneuverability in future conflicts. The proposal was submitted to the U.S. Army earlier this month and on November 30, 2022, BAE Systems announced details of how the companies are collaborating.

BAE Systems and Elbit Systems of America are leveraging their extensive experience in the evaluation, demonstration, and validation of next generation combat systems. For OMFV, Elbit is providing its 50mm Unmanned Turret (UT50), one of the most versatile armament configurations with multiple mission payloads and capabilities, which recently completed a successful live fire demonstration at the Aberdeen Test Center. The UT50 features a XM913 50mm cannon and a high-capacity ammunition handling system. The OMFV design will use a standardized, Modular Open Systems Architecture (MOSA), designed by BAE Systems and Curtiss-Wright Defense Solutions.

MOSA solutions are critical for enabling the customer to rapidly refresh technology to field new capabilities and meet emerging threats on the battlefield. The two companies are also providing vital electronics and control systems into the OMFV. BAE Systems has invested in and collaborated with industry for more than 40 years to advance Hybrid Electric Drive (HED) technology.

BAE Systems and QinetiQ Limited are developing and integrating the HED technology with an electric cross-drive transmission, a key component of an HED system for tracked combat vehicles, to ensure the OMFV has the speed, reliability, and maneuverability necessary to dominate in the toughest battlefield conditions. QinetiQ Limited's Modular E-X-Drive® transmission has been tested and proven in a wide range of tracked vehicles and weight classes over the last decade. BAE Systems already has the expertise, infrastructure, and resources to deliver results for the U.S. Army's OMFV platform, with plans to complete project elements at facilities across the U.S. that contribute a diverse set of workforce talent and manufacturing quality.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAE SYSTEMS PLC -0.72% 851.4 Delayed Quote.-0.54%
CURTISS-WRIGHT CORPORATION -1.17% 160.32 Delayed Quote.-3.99%
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Financials
Sales 2022 22 921 M 28 380 M 28 380 M
Net income 2022 1 546 M 1 915 M 1 915 M
Net Debt 2022 3 036 M 3 759 M 3 759 M
P/E ratio 2022 17,5x
Yield 2022 3,11%
Capitalization 26 042 M 32 244 M 32 244 M
EV / Sales 2022 1,27x
EV / Sales 2023 1,20x
Nbr of Employees 91 400
Free-Float 93,2%
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Number of Analysts 17
Last Close Price 851,40 GBX
Average target price 952,23 GBX
Spread / Average Target 11,8%
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Charles Nicolas Woodburn Group Chief Executive Officer & Director
Brad Greve Group Finance Director & Director
Roger M. Carr Chairman
Julian Frederick Charles Cracknell Chief Technology & Information Officer
Marc Gomes Casseres Vice President-Operations
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