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

BAE SYSTEMS PLC

(BA.)
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BAE : rolls out new platform cyber protection capability; Unprecedented cyber detection and mitigation solution for U.S. platforms

10/15/2020 | 11:43am EST

Fox Shield cyber resilience system developed to provide military platforms with better detection capabilities, attack warning, and mitigation.

BAE Systems has unveiled a next-generation cyber-threat detection and mitigation solution for U.S. military platforms.

The Fox Shield suite is designed to help platforms detect, respond, and recover from cyber attacks in real time. The system's cyber resilience capabilities can be integrated into ground, air, and space vehicles to protect our warfighters and platforms from cyber attacks designed to access and degrade mission capabilities.

'Cyber protection was not necessarily a mission-critical capability when some of these platforms were first developed. That's why we designed the Fox Shield cyber resilience system to be easily integrated into new and legacy platforms,' said Michael Weber, technical manager for FAST Labs' Cyber Technology group at BAE Systems. 'Security for our warfighters and their platforms is our mission, and this solution offers valuable protection in the cyber domain.'

The Fox Shield solution is the result of a multi-year effort from BAE Systems'FAST Labs research and development team. It was developed with ongoing internal investment and builds upon baseline technology that has proven effective on other platforms as previously announced.

The mature detection capability - technical readiness level eight - enables real-time detection of cyber attacks, enabling the platform and users to respond and recover from their effects and ensuring mission continuity. The detection capability can be implemented on existing platform computer systems or as a stand-alone solution that provides protection while limiting impacts to size, weight, and power constraints.

The Fox Shield cyber resilience suite builds on BAE Systems' cyber technology portfolio. As part of this program, the company continues to invest in effective response and recovery techniques and has demonstrated proof-of-concept capabilities. Work for the program will take place at the company's facilities in New Hampshire and Virginia. For more information visit: www.baesystems.com/foxshield.

Ref. No. 099/2020

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 20 369 M 27 369 M 27 369 M
Net income 2020 1 223 M 1 643 M 1 643 M
Net Debt 2020 3 631 M 4 880 M 4 880 M
P/E ratio 2020 13,8x
Yield 2020 4,51%
Capitalization 16 771 M 22 592 M 22 535 M
EV / Sales 2020 1,00x
EV / Sales 2021 0,94x
Nbr of Employees 88 400
Free-Float 92,2%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 596,67 GBX
Last Close Price 521,60 GBX
Spread / Highest target 51,3%
Spread / Average Target 14,4%
Spread / Lowest Target -22,7%
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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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