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

BAE SYSTEMS PLC

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BAE Systems: ARCHER wheeled howitzer offered for U.S. Army's 155 mm gun system

10/20/2020 | 10:09am EST

Highlights:

* BAE Systems is offering ARCHER for participation in the Army's plans to conduct a 'shoot off' evaluation early next year at the Yuma Proving Ground in Arizona.

* BAE Systems has proposed its ARCHER howitzer in response to the U.S. Army's request for proposals for a 155 mm wheeled gun system.

* ARCHER is a fully automated weapon system that provides highly responsive and versatile fire support to troops in combat.

BAE Systems is offering ARCHER for participation in the Army's plans to conduct a 'shoot off' evaluation early next year at the Yuma Proving Ground in Arizona. The Army's RFP, released on July 30, looks to evaluate mobile howitzers in support of future Army requirements. ARCHER is already in service with the Swedish Army with the highest technical and manufacturing readiness levels.

'ARCHER is a mature, proven system that can quickly get into the fight and strike enemy targets at long ranges, with a high rate of fire and very fast displacement times, and is made for combat against large power adversaries,' said Chris King, director of business development at BAE Systems. 'With a fully automated system, soldiers can execute their mission with minimal physical exertion and time, while remaining under cover in the armored cabin. The cab protection, fast shoot and scoot times and its extended range all enhance survivability and sustain fire support in harsh combat conditions.'

ARCHER brings a single, fielded package of capabilities that would provide U.S. soldiers with responsiveness and flexibility that far exceed current capabilities. ARCHER is typically operated by a crew of three to four soldiers but can be operated by only one.

ARCHER can fire within 30 seconds of receiving an order. It can then depart its firing position within 30 seconds, minimizing the enemy's ability to effectively return fire. Its magazine carries 21 rounds and can unload all of them in less than three minutes. ARCHER can fire the BONUS anti-armor munition up to 35 km, conventional munitions up to 40 km, and currently fielded precision-guided munitions like Excalibur in excess of 50 km. BONUS and Excalibur are currently in the U.S. Army's inventory.

ARCHER is manufactured by BAE Systems Bofors, which is based in Karlskoga, Sweden.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 20 375 M 27 332 M 27 332 M
Net income 2020 1 220 M 1 637 M 1 637 M
Net Debt 2020 3 633 M 4 873 M 4 873 M
P/E ratio 2020 13,5x
Yield 2020 4,62%
Capitalization 16 372 M 21 985 M 21 962 M
EV / Sales 2020 0,98x
EV / Sales 2021 0,92x
Nbr of Employees 88 400
Free-Float 92,2%
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Number of Analysts 21
Average target price 596,67 GBX
Last Close Price 509,20 GBX
Spread / Highest target 54,9%
Spread / Average Target 17,2%
Spread / Lowest Target -20,8%
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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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