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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
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BAE : Marshall to partner on Team Tempest

09/17/2021 | 11:19am EDT

Marshall has signed a contract with BAE Systems to partner on Team Tempest as part of a broader strategic collaboration framework between the two companies that will see Marshall become the first supplier to have delegated design authority on the programme.

Marshall has reached an agreement with BAE Systems to partner on design, manufacture and testing work as part of ongoing technology demonstration projects on Tempest.

Marshall CEO Kathy Jenkins explains:

'Naturally, given its significance to the UK's future combat air strategy, we are delighted to have secured a unique role on the ground-breaking Tempest programme.

'This is a testament to the strength and spirit of our partnership and trust in our capabilities for design and manufacturing which has seen our engineering teams work together over a wide range of projects since we signed a joint strategic collaboration framework last year.

'During this period we have been able to repeatedly demonstrate the unique range of expertise Marshall is able to deliver, and we look forward to working with our colleagues at BAE Systems on Tempest and other future programmes where our complementary skills will be of benefit.'

Ian Muldowney, Chief Operating Officer for BAE Systems' Air Sector, comments:

'Since Team Tempest was launched in 2018, we have continually sought opportunities to bring the very best of UK capability and expertise into the team as we seek to develop the generation-defining combat air system which will help safeguard the security of our nation and our allies towards the end of this century.

'We have developed a long and enduring relationship with Marshall who will bring significant experience and expertise to the project. By continuing to widen the partnership, we are increasingly making Tempest a true national endeavour, which will help contribute to the retention, growth and investment in a wider world-class UK skills base and realise significant prosperity benefits for the UK.'

The work will be undertaken in Cambridge with manufacturing activities taking place at Marshall's dedicated composites facility in North Yorkshire.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 21 489 M 29 549 M 29 549 M
Net income 2021 1 432 M 1 969 M 1 969 M
Net Debt 2021 2 474 M 3 402 M 3 402 M
P/E ratio 2021 13,8x
Yield 2021 4,13%
Capitalization 19 060 M 26 229 M 26 209 M
EV / Sales 2021 1,00x
EV / Sales 2022 0,95x
Nbr of Employees 90 000
Free-Float 92,5%
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Number of Analysts 19
Last Close Price 597,00 GBX
Average target price 632,58 GBX
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Charles Nicolas Woodburn Group Chief Executive Officer & Director
Brad Greve Group Finance Director & Director
Roger M. Carr Chairman
Steve Nicholas Millward Chief Information Officer
Benjamin Hudson Chief Technology Officer
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