BAESY.PK: Bae Systems Spons Ad Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, April 3, 9:51 AM Buy German appears to be one of the CBO's preferred options for a tank-like Ground Combat Vehicle that is being developed to replace the Bradley Fighting Vehicle, which is made by BAE (BAESF.PK). The CBO reckons that the U.S. Army could save $14B and get a better product if it chooses the "Puma" over vehicles from GD and BAE. Alternatively, upgrading the Bradley and dropping the GCV would save $9B from 2014-2030. Comment!
Monday, March 11, 10:23 AM Ballard Power (BLDP +5.2%) gains this morning after the company says it's inked an agreement with the Center for Transportation and the Environment for a 150 kilowatt FCvelocity TM-HD6 fuel cell module to be integrated into a bus that will be deployed in Hartford, Connecticut. The fuel cell hybrid bus, which was jointly developed with BAE Systems (BAESY.PK -0.2%)and ElDorado National and is already in operation with SunLine Transit Agency in Thousand Palms, California, is expected to be delivered in 2015. 2 Comments [Energy, On the Move]
Tuesday, March 5, 5:37 AM General Dynamics (GD) shipbuilding unit NASSCO has warned over 1,000 workers of indefinite layoffs that may take effect in late April due to the uncertainty caused by the automatic spending cuts that kicked in on Friday. The warning follows one by BAE Systems last week. The reductions will chop the Pentagon's budget by 7.8%, with all major defense contractors set to be hit. 2 Comments [Top Stories, U.S. Economy]
Friday, February 22, 3:57 AM Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's purchasers and program managers to start talking to suppliers about the plans for implementing $46B of automatic cost reductions, which are due to take effect next Friday. The impact of the cuts will be exacerbated by the DOD not receiving an appropriation for this year, with much of its money in the wrong accounts. 1 Comment [U.S. Economy]
Thursday, December 13, 2012, 10:14 AM United Tech's (UTX) Sikorsky Aircraft and L-3 Communications (LLL) lose out as BAE Systems (BAESF.PK) wins a contract of up to $400M over the next five years to maintain over 300 U.S. Navy trainer aircraft. It's a particular blow for Sikorsky, which was the incumbent. The deal includes an initial base term as well as multiple options. Comment!
Tuesday, November 27, 2012, 8:24 AM BAE Systems' shares rise 2.7% in London, due, say traders, to speculation that Lockheed Martin (LMT) is "showing interest in the U.K. company, which recently tried to merge with EADS. 1 Comment [M&A]
Friday, November 2, 2012, 11:26 AM In an effort to avoid giving repeat orders to Israel's Rafael, the Indian Air Force has decided to solicit bids from several companies around the world for six additional aerostat radars worth over $400M. Lockheed Martin (LMT), Northrop Grumman (NOC +0.5%) and BAE Systems (BAESY.PK) are among the firms expected to compete for the deal. 1 Comment [Tech, Global & FX]
Thursday, October 11, 2012, 1:34 PM RBC Capital cuts its rating on BAE Systems (BAESY.PK), saying that investors are going to start to question the company's long-term prospects in the wake of its failed merger with EADS (EADSY.PK). The firm doesn't see any major U.S. defense firms expressing any interest in buying the company. Comment! [Global & FX]
Thursday, October 11, 2012, 10:15 AM With defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1. 5 Comments [M&A]
Wednesday, October 10, 2012, 8:27 AM More on EADS-BAE merger breakdown: "It has become clear that the interests of the parties' government stakeholders cannot be adequately reconciled with each other or with the objectives that BAE Systems and EADS established for the merger," BAE says in a statement. The end of the merger is not a huge surprise given that it was dependent on France and Germany agreeing to reduce their influence. Comment! [M&A, Breaking News, Top Stories]
Wednesday, October 10, 2012, 8:11 AM BAE Systems and EADS cancel their planned $45B merger after negotiations became bogged down in political deadlock. 1 Comment [M&A, Top Stories, Breaking News]
Wednesday, October 10, 2012, 8:02 AM EADS's $45B merger with BAE Systems could be about to collapse, with Reuters reporting that talks over the deal are deadlocked just four hours ahead of a key regulatory deadline in the U.K. for extending the talks. That will only happen if British, German and French leaders give their approval for further negotiations. (see earlier) Comment! [M&A]
Wednesday, October 10, 2012, 5:54 AM EADS and BAE Systems have until 5 pm U.K. time (12 noon ET) to decide whether to ask U.K. regulators for more time to finalize their merger plans or to scrap the deal. Doubts are growing about German backing for the deal, with Reuters reporting that Angela Merkel opposes it, although it's not clear why. Comment! [M&A]
Tuesday, October 9, 2012, 8:37 AM France and Britain narrow their differences over the wording of guarantees on state shareholdings in EADS's $45B merger with BAE Systems, sources tell Reuters, although France is still opposed to a 10% limit on its future stakes in the merged company. The CEOs of the companies are due to meet their boards to discuss whether to apply to extend tomorrow's deadline for a decision on proceeding. Comment! [M&A]
Friday, October 5, 2012, 11:13 AM EADS (EADSY.PK) denies press reports that its merger with BAE Systems (BAESY.PK) has collapsed, assuring that the company has not been told by any governments to halt its plans, and will continue to work towards the October 10 deadline given by the U.K. government. Comment! [Global & FX, M&A]
Friday, October 5, 2012, 10:20 AM Merger talks between EADS (EADSY.PK) and BAE Systems (BAESY.PK) have collapsed, reports Spiegel Online, as Germany, France, and the U.K. cannot agree on what their stakes will be in the new company. Comment! [M&A, Breaking News]

BAESY.PK Bae Systems Spons Ad

BAESY.PK

Bae Systems Spons Ad