Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,390.00
Bid: 1,389.50
Ask: 1,390.50
Change: 17.00 (1.24%)
Spread: 1.00 (0.072%)
Open: 1,377.50
High: 1,391.00
Low: 1,374.00
Prev. Close: 1,373.00
BA. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK to upgrade warship defence missile system used in Red Sea

Sun, 21st Jan 2024 00:01

LONDON, Jan 21 (Reuters) - Britain's Ministry of Defence said on Sunday it would spend 405 million pounds ($514 million) to upgrade a missile system now being used by the Royal Navy to shoot down hostile drones over the Red Sea.

The Sea Viper Air Defence system will be upgraded with missiles featuring a new warhead and software enabling it to counter ballistic missile threats, the MoD said in a statement.

The contracts were awarded to the British division of MBDA, a missiles joint venture owned by Airbus, BAE Systems and Leonardo, the MoD said.

"As the situation in the Middle East worsens, it is vital that we adapt to keep the UK, our allies and partners safe," defence minister Grant Shapps said in the statement.

"Sea Viper has been at the forefront of this, being the Navy's weapon of choice in the first shooting down of an aerial threat in more than 30 years."

U.S. and British naval forces in the Red Sea have shot drones and missiles fired by Yemen's Houthi movement this month as the conflict between Israel and Hamas spilled out into the broader region. ($1 = 0.7874 pounds) (Writing by William Schomberg Editing by Peter Graff)

More News
2 Oct 2023 12:33

Berenberg upgrades BAE Systems to 'buy'

(Sharecast News) - Berenberg upgraded defence contractor BAE Systems on Monday to 'buy' from 'hold' and lifted the price target to 1,170p from 1,050p.

Read more
2 Oct 2023 10:41

BAE Systems secures £3.95bn funding for submarine contract

(Sharecast News) - Defence contractor BAE Systems has been awarded £3.95bn of funding from the Ministry of Defence for the next phase of the UK's next-generation nuclear-powered attack submarine programme, known as SSN-AUKUS.

Read more
2 Oct 2023 09:41

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
2 Oct 2023 08:46

LONDON MARKET OPEN: Stocks rise; United Utilities and Pennon impress

(Alliance News) - London's FTSE 100 made a solid start to the final stretch of the year, though the mood was still uneasy despite a deal being struck in the US to avert a government shutdown.

Read more
2 Oct 2023 07:52

LONDON BRIEFING: United Utilities plots GBP14 billion of expenditure

(Alliance News) - London's FTSE 100 is called lower on Monday, with market sentiment still ropey at the start of the fourth-quarter, despite a deal being struck for the US to avoid a government shutdown.

Read more
2 Oct 2023 05:59

UK invests GBP4 billion in nuclear-powered submarine project

(Alliance News) - Britain has signed contracts worth GBP4 billion to finance a new phase of the SSN-Aukus next-generation attack submarine project, according to government officials.

Read more
20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

Read more
18 Sep 2023 09:40

LONDON BROKER RATINGS: Jefferies likes Energean; JPMorgan raises IDS

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

Read more
18 Sep 2023 07:21

Monday newspaper round-up: Rents,.Manufacturers, BAE Systems

(Sharecast News) - Residential rents across Britain are rising at their fastest on record as high interest rates shut would-be buyers out of the property market. Monthly rental costs are on average 12 per cent higher than they were this time last year, up £140 to breach £1,300 for the first time, according to the estate agent Hamptons. Separate research from the property website Rightmove suggests that more than a third of homes for sale have had their asking prices reduced as vendors try to drum up demand. - The Times

Read more
12 Sep 2023 10:35

Leonardo signs combat aircraft concept deal with BAE, Mitsubishi

(Alliance News) - Leonardo Spa on Tuesday said defence industry leaders in the UK, Japan and Italy have signed a trilateral collaboration deal to develop the concept phase of a next generation combat aircraft.

Read more
31 Aug 2023 20:51

BAE signs deal aimed at building light artillery in Ukraine

(Alliance News) - BAE Systems PLC has signed a deal that sets a framework that could see it build light artillery in Ukraine.

Read more
22 Aug 2023 06:06

Pay for FTSE 100 bosses jumps 16% as wider wages behind inflation

(Alliance News) - The bosses of Britain's biggest companies saw their pay surge by 16% last year as most workers saw their pay packets outstripped by inflation, according to new research.

Read more
21 Aug 2023 20:56

Britain's CEOs get 16% pay rise to 3.9 mln pounds even as workers struggle

LONDON, Aug 21 (Reuters) - The bosses of Britain's biggest companies saw their pay jump 16% in 2022, sending their average earnings to 118 times the median UK full-time worker's while employees struggled with soaring inflation, new research showed on Monday.

Read more
21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
17 Aug 2023 17:29

European shares drop on dour earnings, rate hike concerns

Adyen slumps after HY earnings miss

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.