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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BAE Systems plc    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
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BAE : Elbit Systems of America team to shape the future of Army combat vehicles

10/21/2020 | 11:53am EST

BAE Systems and Elbit Systems of America (Elbit America) have teamed up to develop and integrate advanced operational capabilities for combat vehicles.

BAE Systems and Elbit Systems of America (Elbit America) have teamed up to develop and integrate advanced operational capabilities for combat vehicles. The arrangement is focused on validating and integrating new technologies on combat vehicle systems to deliver advanced warfighting capabilities.

BAE Systems is an industry leader in the design, integration, production, and support of innovative combat vehicles. Elbit America is a world leader in the design and integration of advanced turret solutions. This teaming arrangement will explore crew automation, vehicle protection systems, and other defensive and offensive systems for integration into turrets of various cannon calibers and supporting weapon systems for combat vehicles.

'BAE Systems and Elbit America are investing in transformational combat vehicle technologies and turret solutions that will greatly enhance the lethality and survivability of next-generation combat vehicles for the U.S. and international militaries,' said Jim Miller, director of business development at BAE Systems. 'Our relationship demonstrates a commitment to provide our customers with solutions for future battlefields based on our collective combat vehicle expertise.'

BAE Systems and Elbit America will leverage their comprehensive experience for the evaluation, demonstration, and validation of multiple mission payloads and capabilities for the next generation of combat systems.

'The Elbit America team is excited to partner with BAE Systems and for the opportunities that come with that relationship,' said Ridge Sower, vice president of ground combat and precision targeting at Elbit Systems of America. 'Our broad portfolio of mission-enhancing solutions and technologies, coupled with BAE Systems' proven track record for providing highly effective combat systems, will greatly benefit warfighters as they face new challenges and needs.'

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 20 375 M 27 405 M 27 405 M
Net income 2020 1 220 M 1 641 M 1 641 M
Net Debt 2020 3 633 M 4 886 M 4 886 M
P/E ratio 2020 14,1x
Yield 2020 4,42%
Capitalization 17 086 M 23 048 M 22 980 M
EV / Sales 2020 1,02x
EV / Sales 2021 0,95x
Nbr of Employees 88 400
Free-Float 92,2%
Chart BAE SYSTEMS PLC
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Technical analysis trends BAE SYSTEMS PLC
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 596,67 GBX
Last Close Price 531,40 GBX
Spread / Highest target 48,5%
Spread / Average Target 12,3%
Spread / Lowest Target -24,1%
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Managers
NameTitle
Charles Nicolas Woodburn Group Chief Executive Officer & Director
Roger M. Carr Chairman
Brad Greve Group Finance Director & Director
Steve N. Millward Chief Information Officer
Benjamin Hudson Chief Technology Officer
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