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    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
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Delayed Quote. Delayed London Stock Exchange - 08/05 11:35:18 am
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BAE : signs up to support Scottish marine litter campaign; Keep Scotland Beautiful and BAE Systems launch exciting new partnership on World Oceans Day

06/08/2021 | 12:29pm EDT

Environmental charity, Keep Scotland Beautiful, and BAE Systems, whose shipyards are located at Govan and Scotstoun on the Clyde, have launched an exciting new partnership that will see the shipbuilder become a supporter of Upstream Battle, the charity's award-winning campaign to tackle marine litter from source to sea.

Since its launch in 2018 the Upstream Battle campaign, has been raising awareness, gathering evidence, and inspiring action in Glasgow and the Clyde Valley. It has successfully brought together a diverse range of stakeholders from the public and private sectors, along with communities from up and down the Clyde Valley, to focus on developing innovative approaches to tackling this vital environmental challenge.

The partnership will help further develop Upstream Battle on the River Clyde and its tributaries to raise awareness of the marine litter pathway from source to sea, encouraging responsible behaviours locally and inspiring activity from individuals, communities and employees of BAE Systems to help play their part in the campaign on the Clyde through to April 2022.

We are delighted to welcome BAE Systems on board as a supporter of Upstream Battle - it is great to have the support of an iconic Glasgow business and employer. 80% of marine litter starts life on land, so we all need to do more to tackle litter at source and prevent it getting into our waterways, seas and oceans. And with COP26 coming to Glasgow in November, this is an ideal opportunity to raise the profile of the challenges associated with marine litter and place this firmly in the context of the climate emergency.

Barry Fisher, Chief Executive, Keep Scotland Beautiful

It will also support specific community engagement activity with the creation of two new Community Clean Up Hubs, local to BAE Systems Scotstoun and Govan sites on the Clyde. These will add to the existing network of 31 Community Clean Up Hubs already across Scotland.

These Community Clean Up Hubs have the expertise and equipment to facilitate local litter picking activity and will enable employees and local residents to get involved and support the campaign and wider clean-up efforts.

Barry Fisher, Chief Executive of Keep Scotland Beautiful, said: 'We are delighted to welcome BAE Systems on board as a supporter of Upstream Battle - it is great to have the support of an iconic Glasgow business and employer.

'80% of marine litter starts life on land, so we all need to do more to tackle litter at source and prevent it getting into our waterways, seas and oceans. And with COP26 coming to Glasgow in November, this is an ideal opportunity to raise the profile of the challenges associated with marine litter and place this firmly in the context of the climate emergency'.

Paul Feely, Engineering Director, BAE Systems, Naval Ships, said: 'Sustainability is important to us and as a responsible company we're working hard to reduce our impact on the environment. BAE Systems recently announced a target to achieve net zero greenhouse gas emissions across our operations by 2030 and across our value chain by 2050, and more locally we want to reduce the problem of marine litter in our local communities and our waterways, such as the River Clyde.

'We're excited to be working with Keep Scotland Beautiful, supporting the communities that we're a part of, to establish two new local Community Clean Up Hubs close to our shipyards in Glasgow. We're encouraging our employees and residents local to Scotstoun and Govan to get involved and support throughout the summer so that together we can make a difference in our local communities.'

In addition to the establishment of the new Community Clean Up Hubs, the support from BAE Systems will enable a number of community clean up events to take place over the next eight months, as restrictions allow, to allow BAE Systems employees and local communities to tackle litter and related environmental quality issues in the Govan and Scotstoun areas.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 21 475 M 29 889 M 29 889 M
Net income 2021 1 414 M 1 967 M 1 967 M
Net Debt 2021 2 505 M 3 486 M 3 486 M
P/E ratio 2021 13,6x
Yield 2021 4,29%
Capitalization 18 559 M 25 857 M 25 830 M
EV / Sales 2021 0,98x
EV / Sales 2022 0,92x
Nbr of Employees 90 000
Free-Float 92,5%
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Number of Analysts 19
Last Close Price 576,40 GBX
Average target price 628,11 GBX
Spread / Average Target 8,97%
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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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