BAE Systems has received a U.S. Army contract worth up to $95 million to install and maintain automated security systems to control access to Army bases and other installations. This award expands the company’s work in supporting physical security at government sites.
The automated installation entry systems use software and hardware to verify information on individuals [...]
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BAE TSS: 95 M$ for security systems to control access to Army bases
Secretary Michael Chertoff, BAE Systems and the Whole-Body Scanners affair: $3 billion over the next eight years
Secretary Michael Chertoff Joins BAE Systems, Inc. Board of Directors
The Honorable Michael Chertoff has joined the BAE Systems, Inc. Board of Directors. As a member of the Board, Secretary Chertoff will provide oversight and strategic counsel, further ensuring that BAE Systems, Inc. is well positioned to meet current and future customer requirements in the defense [...]
US Grounds BAE Export Applications
The US State Department has put a hold on all new applications for export licences by BAE Systems in the wake of the company’s recent criminal plea agreement to settle long-running bribery allegations.
It says it wants to establish what impact the UK armsmaker’s agreement last month with the Department of Justice will have on the [...]
U.S. Puts Hold on Export Licenses for BAE: State Dept.
The U.S. State Department has placed a “temporary administrative hold” on weapons export licenses sought by BAE Systems or companies using BAE Systems’ products, a State Department official said. BAE officials, however, said there was no hold. The state of affairs remains unclear.
This comes in the wake of BAE’s guilty plea to accusations that it [...]
EUROSAM bids for Turkish Air Defence System
Turkey’s defence procurement office removed MBDA from a blacklist last month after an international legal dispute between the Ankara government and the French missile maker ended amicably. One immediate effect: Eurosam, whose shareholders include MBDA, Thales, Finmeccanica and BAE Systems, will be allowed to bid next month against Chinese, U.S. and Russian rivals for Turkey’s multibillion-dollar [...]
BAE loses US battle and takes £592m hit
BAe Systems suffered another major blow today, saying that it will incur a £592 million writedown after it failed to overturn the Pentagon’s decision to award a trucks and vehicles contract to a US supplier.
BAE had challenged the award of the £2 billion contract to Oshkosh but its appeal was rejected.
The UK company recently agreed [...]
Contracts loss forces BAE to restructure armaments
BAE Systems, Europe’s largest defence company, has begun to restructure its once-lauded land and armaments division after losing key armoured vehicle contracts.
The company said that it would cut thousands of jobs in the division but refused to give exact numbers. It also closed ten sites in the UK and United States last year as part [...]
BAE Systems dives into the red
BAE Systems has said it will writedown $929 million (592 million pounds, 681 million euros) on 2009 earnings after failing to win a US military contract.
BAE Systems on Thursday announced it had fallen into a loss last year after a major write-down linked to its purchase of US military group Armor Holdings.
BAE Systems said it [...]
BAE SYSTEMS: 242 M$ U.S. NAVY EPIC
BAE Systems has been awarded a $242 million Enterprise Platform Integration Contract (EPIC) from the U.S. Navy to provide integration, engineering, procurement, fabrication, assembly, test, inspection, delivery, and limited installation of integrated Command, Control, Communications, Computers and Intelligence (C4I) capabilities aboard new construction ships.
The indefinite-delivery/indefinite-quantity performance-based contract – issued by the Space and Naval Warfare [...]