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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
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Delayed Quote. Delayed London Stock Exchange - 09/17 11:36:01 am
560.2 GBX   +1.08%
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BAE : Next-generation APKWS guidance kits improve rocket range and impact

08/03/2021 | 10:18am EDT

BAE Systems advanced APKWS guidance kit offers enhanced strike distance and precision strike lethality.

BAE Systems, Inc. has developed an advanced version of its combat-proven APKWS guidance kit that offers enhanced strike distance and precision strike lethality. The upgrade improves the effective range of APKWS guided rockets by up to 30%, allowing warfighters to engage targets from a greater standoff distance with improved survivability.

APKWS is the U.S. government's only program of record for guiding 2.75-inch laser-guided rockets, providing an efficient, low-cost weapon in the U.S. arsenal of precision munitions. Initial production of APKWS block upgrade guidance kits will start in Q3 2021.

'Our customers' precision strike needs are changing,' said John Watkins, vice president and general manager of Precision Strike & Sensing Solutions at BAE Systems. 'We're focused on evolving APKWS guidance kits to provide them with a more capable low-cost product that's easy to use and known for its accuracy.'

APKWS block upgrade guidance kits create an optimized flight trajectory that enables the rocket to engage targets at a steeper angle of attack, providing improvements in range and lethality. The optimized attack trajectory improves first-shot success against stationary and moving targets.

The enhanced guidance kits also provide logistics and training benefits to customers. A single variant of the weapon is now qualified for rotary-wing and fixed-wing aircraft across the U.S. armed forces customers, easing stock management and reducing the cognitive load on pilots. An upgrade to the surface danger zone logic also provides better training range options in certain conditions, allowing crews to improve their proficiency at home stations.

BAE Systems' APKWS guidance kits are manufactured at the company's state-of-the-art production facility in Hudson, New Hampshire.

Contact:

Tel: +44 (0) 330 158 5263

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 21 489 M 29 521 M 29 521 M
Net income 2021 1 432 M 1 967 M 1 967 M
Net Debt 2021 2 528 M 3 473 M 3 473 M
P/E ratio 2021 13,0x
Yield 2021 4,40%
Capitalization 17 951 M 24 689 M 24 661 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,90x
Nbr of Employees 90 000
Free-Float 92,5%
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Number of Analysts 19
Last Close Price 560,20 GBX
Average target price 627,72 GBX
Spread / Average Target 12,1%
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Managers and Directors
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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