BAE Systems Share Price (BA.)

News breaking which I believe is net positive for BAE bring revenues forward to earlier years. Possibly lower contract value but certainty and earlier with newer technology.

LONDON, June 28 (Reuters) - Britain will scrap plans ​to replace ⁠its ageing destroyers and will instead ​procure at least six "Common Combat Vessels" to serve as control hubs for uncrewed systems, the Ministry ​of ‌Defence said on Sunday.

The Royal Navy's six Type 45 destroyers are due to ⁠be retired by the end of 2038, and ⁠original plans envisioned them being replaced ​by a next-generation Type 83 class.

However, under the long-awaited Defence Investment Plan, the warships will now be replaced by hybrid Common Combat Vessels (CCV), reflecting a broader ​shift ‌towards drone warfare and frontline capabilities.

"These Common Combat Vessels will provide our dedicated sailors with hybrid ships that are designed and built for the increasing threats we face," Defence Secretary Dan Jarvis said in a statement.

"Developed with exceptional British ​innovators, the new ships will be British-built, supporting jobs across the nation and giving ‌the Royal Navy a capability built for modern warfare."

The ministry said the CCVs would coordinate uncrewed systems in the ‌air, on the surface and under the sea.

Delivery was expected from the early 2030s and when in service the vessels would work alongside crewed frigates as ​well as other planned autonomous vessels.

Earlier this month, former defence minister John Healey stepped down after ‌disagreements over the Defence Investment Plan, which will lay out the funding for military equipment and services. He said the government had failed to commit the resources ⁠needed to ⁠keep Britain safe.

Since taking over, Jarvis has sought ‌to refocus the plan on near-term priorities, including new high-speed boats for commandos and advanced strike drones.

Housing ​Secretary Steve Reed ​said on Sunday that the long-awaited strategy would be ‌unveiled within days.

"We have to be ready for any future war and what that will be like, not whatever the last war was like," Reed told Sky News.

Yea pretty good day. Have a great weekend everyone.

Finally a blue day.......next week we need to see some more, for now its good to go into the weekend on a small positiive.

So some more good news arrived after

We have successfully demonstrated that our Endura™ system-on-chip (SoC) can operate in the highest strategic radiation-hardened space environments. See how customers now have a smaller, lower-power, and more cost-effective processor solution that can survive and perform in natural and hostile space environments.

http://baes.co/XzbI50Zgje0

And new person joining BAE so soon we may see more improvements.

The Honorable Derek Kilmer is joining the BAE Systems, Inc. Board of Directors. A former six-term U.S. Representative for Washington's Sixth Congressional District, he brings deep expertise in public policy, modernization, and economic growth to our Board.

“Derek brings a wealth of leadership experience at the highest levels of government, and his proven record of championing national security and technology will be invaluable as we continue to advance our mission to support our customers,” said Jonathan W. Greenert, chair of the Board of BAE Systems, Inc.

We are honored to welcome Derek to our Board.

I’m nearly right behind you underwater. So I know the feeling. Hopefully next week market make some moves so at least we know more or less where we standing.