mutandis13
06 Apr 2016
Re: Typhoon contract More detail:[link]
mutandis13
06 Apr 2016
Typhoon contract Eurofighter won a €8bn deal to supply 28 Typhoon warplanes to Kuwait:[link]
mutandis13
29 Mar 2016
Contract awards Five-year contracts worth almost £300m have been awarded to BAE Systems to provide in-service support and post-design services for Hawk TMk1 and TMk2.[link] Systems has been awarded a £472m 15-month contract by the UK MoD to progress the Type 26 Global Combat Ship programme.[link]
OwDo
09 Mar 2016
Telegraph artical BAE Systems and GKN were named as two of the seven contractors who will work on the US Air Force’s new long range strike bomber, now officially designated the B-21.
nk1999
01 Mar 2016
Barclays view From Citywire:"Barclays fears for BAE dividendsBarclays is worried about the prospects for dividends at BAE Systems (BAES) given fewer orders for the defence contractor.Analyst Phil Buller rates the company an ‘underweight’ with a 410p target price on the shares, which were flat at 510p yesterday.‘Our principal concerns over the sustainability of the current capital allocation policy and lack of orders dragging on future growth have not subsided following the full-year results,’ he said.‘We see the £700 million annual dividend servicing cost as burdensome compared with the £100 million of internally funded research and development and -£100 million of net capital expenditure, given the £400 million increase to the defined net debt position in 2015,’ he added.With debt set to rise by another £400 million in 2016, Buller said there was ‘great pressure on cash / capital allocation while order performance remains weak, making it difficult to grow out of this challenge with immunity to the dividend.’"
megaloss
26 Feb 2016
Saudis Does anyone have a view on how the proposed EU sanctions vs. Saudi-Arabia would affect the SP? I cashed out today at 514 but more to take profits and consolidate than anything else...I may buy back in depending on the SP movement between now and the xd date..
nk1999
20 Feb 2016
Telegraph- Questor "BAE Systems remains a defensive income favourite: BAE Systems shares moved 2% higher yesterday after a solid set of annual results were given a lift from delivering Typhoon fighter jets to Saudi Arabia. But the world’s second-largest defence company will have to fight hard to make sure it isn’t outflanked on the modern battlefield. It is really against this backdrop that the latest set of results from the FTSE 100 group must be viewed. Three quarters of the revenue and profits come from the platforms and services divisions. These divisions design and build equipment such as the Typhoon jet, Hawk training jet, F-35 Lightning II, Astute-class submarines, Queen Elizabeth aircraft carriers, howitzers and armoured personnel carriers. The two biggest customers remain the U.K. and U.S., and many of the projects are exclusive to those two customers, due to security reasons. In the U.K. as part of its Strategic Defence and Security Review at the end of last year, continued investment in BAE’s Typhoon fighter jets was secured and the aircraft’s service life was extended until at least 2040. The driving force of sales is the Middle East with increased aircraft deliveries to Saudi Arabia helping revenue rise 7.6% to £17.9 billion. BAE is also adapting to cyber warfare, and the cyber and intelligence division enjoyed sales growth of 3%. The U.K. Applied Intelligence business enjoyed sales growth of 31%, but investment in new technology meant underlying profits slid 5% lower. BAE has a challenge on its hands to rebuild the order-book, which declined by £3.7 billion to £36.8 billion last year. The new Chief operating officer Charles Woodburn, who is apparently being groomed to replace current Chief Executive Ian King, will have to deliver on this front. The company remains a defensive favourite. Hold. BAE Systems at 505p +5.7p. Questor says “Hold”."
II Editor
29 Jan 2016
NEW ARTICLE: 14 stocks for both healthy yield and growth "Although it might not look like it from the outside, now is the perfect environment for income investing.Record low interest rates generated great interest in so-called bond proxies - defensive equities with high yields - although they quickly ..."[link]
veksi
21 Jan 2016
Re: Credit Suisse "Recent outperformance" readon for downgrade?480p from 440-460p is hardly a big leap.These brokers sometimes say stuff that is weird or simply stupiiidd. How does a 30p rise is shares warrant a downgrade?Another useless commons from bankers whose own shares have gone down. Take with a pinch of salt.
nk1999
19 Jan 2016
Credit Suisse From ADVFN:"BAE Systems was under pressure on Tuesday after Credit Suisse downgraded the stock to 'underperform' from 'neutral', saying it was not the bank's preferred defence name, particularly after its recent strong run.CS said given the current backdrop of heightened security threats and questions on economic growth, defence stocks appear attractive in principle, which is a positive for BAE.However, it prefers outperform-rated Thales, which it said offers more attractive prospects than BAE Systems if the latter cannot leverage its historical position in Saudi Arabia for more orders.The bank said exposure to the US and a weakening pound are supportive to the stock, adding that the weakening sterling is also boosting its US sales and profits translated back into sterling.However, it highlighted the stock's recent outperformance as a reason for the downgrade.BAE Systems has been outperforming its US peers by 15% since the budget deal announcement in late October, despite benefitting less than them.In addition, CS reckons the UK-Saudi relationship and the Saudi financial tensions are not supportive of any large order in the near future.Credit Suisse cut BAE to 'neutral' back in October due to the deterioration of the relationship between the UK and Saudi Arabia, which accounts for about 20% of group revenues.It said the market had been counting on the potential sale of another tranche of 48 Typhoon to lift BAE's mid-term prospects quite significantly, but this has proven slow to come."
veksi
10 Jan 2016
Steaming ahead Bae just steams ahead. I still don't understand why PIs filling the losing oil and mining boards.Bae keeps getting broker upgrades whilst the market is sinking. More contracts and decent yield.The latest upgrade saw target price upped to 630p which I think is still far too low in the long-term but it's probably about right for a 12 month target.
lagolis
29 Nov 2015
Re: 440-520 Yes SP just as fast as it plummeted. Just back in the positive territory. With the expected Santa rally in Dec let's hope the upward trend is maintained.There has to be time when this will start to drift down again before too long?Lagolis
veksi
28 Nov 2015
440-520 Bae spurted from 440 to 520 in no time.So the trendline pressing it down is broken and it bull time. It's gonna dip sometime but now it's buy the dips.Next stop the heights 550p. But it won't be long till it's over 600p. Perhaps not a popular pi share but should be.Defensive, bullish, and riding on world events with Cameron backing it in the budget. What's not to like.I will stay away from the loser lot in the oilies.
Lupo di mare
22 Nov 2015
F35s [link] set to increase purchase of carrier variant. That won't do the sp any harm.
veksi
19 Nov 2015
Re: Winner Sorry that is a buy not a sell!
