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Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

London Stock Exchange
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Share Price: 1,352.00
Bid: 1,355.00
Ask: 1,356.00
Change: 3.00 (0.22%)
Spread: 1.00 (0.074%)
Open: 1,343.50
High: 1,358.50
Low: 1,338.50
Prev. Close: 1,349.00
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BAE Systems selected by Australian govt to build nuclear powered submarines

Thu, 21st Mar 2024 15:05

(Sharecast News) - BAE Systems said on Thursday that it and ASC Pty Ltd have been selected by the Australian government to build the country's new fleet of nuclear powered submarines.

The contract is part of the AUKUS trilateral security pact between the United States, the United Kingdom and Australia.

BAE said the SSN-AUKUS will be the largest, most powerful and advanced attack submarines the Royal Navy has ever operated and will start to replace the Astute class - which it is building at its site in Barrow-in-Furness in the North West of England - from the late 2030s.

Australia expects to deliver its first SSN-AUKUS submarine in the early 2040s.

BAE chief executive Charles Woodburn said: "We're extremely proud of our role in the delivery of this vitally important, tri-nation submarine programme. Our selection as a partner in Australia, alongside ASC, recognises our role as the UK's long-term submarine design and build partner and as a key player in Australia's maritime enterprise and wider defence landscape.

"Drawing on decades of experience in the UK and Australia, we look forward to working with ASC to develop an enduring, sovereign nuclear-powered submarine building capability for Australia. We're already making good progress on the design and development of the next generation submarine in the UK where we have more than 1,000 people working on the SSN-AUKUS programme and major infrastructure investment underway.

"This latest step will ensure an integral connection between the UK design and the build strategy development in Australia as we work together to deliver next generation military capability as well as considerable social and economic value to all three nations."

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17 Aug 2023 15:39

BAE says $5.5 bln Ball Corp deal will help it meet Ukraine-led defence demand

LONDON, Aug 17 (Reuters) - Britain's BAE Systems said its $5.5 billion purchase of Ball Corp's aerospace business would help it meet the soaring demand for munitions seen since the invasion of Ukraine, underscoring the impact the war has had on the sector.

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17 Aug 2023 14:09

BAE snaps up Ball's aerospace arm for $5.6 bln in its biggest deal ever

BAE to fund deal using new debt and existing cash

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17 Aug 2023 11:56

LONDON MARKET MIDDAY: Stocks down over US rate hike worries

(Alliance News) - Stock prices in Europe were lower at midday on Thursday, after the US Federal Reserve warned that a further interest rate hike may be on the cards.

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17 Aug 2023 10:41

London midday: Markets subdued, but stocks bounce off lows

(Sharecast News) - Fresh concerns about US inflation and the Chinese debt crisis were weighing on market sentiment on Thursday, though the FTSE 100 was trading flat by lunchtime after bouncing off five-week lows in morning trade.

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17 Aug 2023 08:53

LONDON MARKET OPEN: Stocks fall further after hawkish US Fed minutes

(Alliance News) - Stock prices in London opened in the red on Thursday, amid renewed concerns about further US interest rate increases.

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17 Aug 2023 08:22

Ball Aerospace buy puts BAE in solid position, says Shore Capital

(Sharecast News) - BAE Systems was trading with heavy losses on Thursday after the news that it has acquired Ball Aerospace - a move which broker Shore Capital viewed as a vote of confidence for the wider defence industry.

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17 Aug 2023 08:07

TOP NEWS: BAE Systems buys Ball Aerospace business for USD5.6 billion

(Alliance News) - BAE Systems PLC on Thursday said it has agreed to buy the Ball Aerospace business from Ball Corp for about USD5.55 billion, in cash.

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17 Aug 2023 07:44

LONDON BRIEFING: BAE Systems to acquire Ball Aerospace for USD5.6b

(Alliance News) - Stocks in London are called lower on Thursday, as investors take fright at hawkish minutes from the US Federal Reserve.

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17 Aug 2023 07:41

London open: Markets rattled by FOMC minutes

(Sharecast News) - UK stocks slipped on Thursday, following US and Asian markets lower overnight, as investors reacted to the possibility of further interest-rate hikes by the Federal Reserve.

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17 Aug 2023 07:18

London pre-open: Stocks to slip on US rate-hike fears

(Sharecast News) - UK stocks were set to decline for the fifth straight session on Thursday after the minutes of a recent Federal Reserve meeting showed caution about taking the brakes off interest-rate hikes too soon.

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17 Aug 2023 07:01

BAE buys Ball Aerospace for $5.5bn

(Sharecast News) - BAE Systems on Thursday said it had bought Ball Corporation's aerospace business $5.55bn in cash as it looked to cash in on higher government defence spending in the wake of Russia's invasion of Ukraine.

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16 Aug 2023 22:01

PRESS: BAE Systems mulls USD4 billion buy of Ball aerospace arm

(Alliance News) - BAE Systems PLC is sizing up a possible move to acquire the aerospace division of Ball Corp in what would be the largest purchase by a London listing in the year to date, Bloomberg reported on Wednesday.

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11 Aug 2023 12:56

Germany in talks with MBDA over delivery of cruise missiles to Ukraine -source

BERLIN, Aug 11 (Reuters) - The German government is in talks with arms maker MBDA about the delivery of Taurus cruise missiles to Ukraine, a security source told Reuters on Friday, echoing a report by Spiegel magazine.

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11 Aug 2023 07:57

German government in talks with MBDA over delivery of cruise missiles to Kyiv -source

BERLIN, Aug 11 (Reuters) - The German government is in talks with arms maker MBDA about the delivery of Taurus cruise missiles to Ukraine, a security source told Reuters on Friday, confirming a report by Spiegel magazine.

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8 Aug 2023 09:25

LONDON BROKER RATINGS: Deutsche Bank cuts WPP to 'hold' from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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