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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
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Delayed London Stock Exchange  -  11:35 2022-11-29 am EST
810.40 GBX   -0.15%
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BAE Systems accelerates electronic warfare system production for F-15E and F-15EX Eagle fighter jets

09/09/2022 | 11:34am EST

BAE Systems has received a contract from Boeing to produce additional Eagle Passive Active Warning Survivability Systems (EPAWSS) for U.S. F-15E and F-15EX Eagle aircraft - providing state-of-the-art situational awareness and self-defense capabilities. This contract brings the total contract value for EPAWSS production to $351 million.

The Low Rate Initial Production (LRIP) lot 2 contracts will initiate the production of additional EPAWSS systems and spares and the delivery of units for test and development. Under the contract, Boeing will continue to install EPAWSS on new F-15EXs and existing F-15Es - providing the jets with critical electromagnetic capabilities.

'EPAWSS production is growing as the Department of Defense signals the long-term importance of F-15s to the strategic fleet,' said Bridget McDermott, EPAWSS LRIP program director at BAE Systems. 'These aircraft bring speed, maneuverability, and payload to the fight, and now with EPAWSS, they can better detect and protect against modern threats.'

LRIP lot 2 production follows BAE Systems' successful delivery of the latest EPAWSS flight bundle software package, underscoring the company's ability to rapidly update EPAWSS in the field and quickly deliver new capabilities to address new threats. The company's test team has also demonstrated excellent radar-warning, geolocation, and countermeasure performance at large-force exercises, field demonstrations, and in laboratory settings where EPAWSS exceeded expectations in unique signal-dense environments.

In July, after multiple successful test flights, exercises, and software updates, Boeing started EPAWSS modifications on two operational U.S. Air Force F-15Es. This achievement is a major milestone for the Air Force, Boeing, and BAE Systems, and significantly improves the survivability and combat effectiveness of the F-15 against advanced air defense systems in contested environments.

EPAWSS is a pillar of BAE Systems' EWX Extreme Electronic Warfare 2.0 strategy. The system's development work supports the company's broader EW portfolio of products, including its innovative Storm EW Modules, which accelerate the delivery of EW capabilities to the global fleet.

For additional information about BAE Systems electronic warfare systems, visit: http://www.baesystems.com/ew.

Ref. No. 125/2022

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BAE SYSTEMS PLC -0.15% 810.4 Delayed Quote.47.40%
BOEING 2.03% 175.32 Delayed Quote.-14.65%
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Financials
Sales 2022 22 924 M 27 446 M 27 446 M
Net income 2022 1 523 M 1 823 M 1 823 M
Net Debt 2022 2 862 M 3 427 M 3 427 M
P/E ratio 2022 16,6x
Yield 2022 3,27%
Capitalization 24 985 M 29 914 M 29 914 M
EV / Sales 2022 1,21x
EV / Sales 2023 1,14x
Nbr of Employees 91 400
Free-Float 92,9%
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Number of Analysts 17
Last Close Price 810,40 GBX
Average target price 922,09 GBX
Spread / Average Target 13,8%
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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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