All articles tagged with #bae systems
The U.S. Space Force awarded BAE Systems a $1.2 billion contract to develop 10 missile-tracking satellites for a medium Earth orbit constellation, enhancing missile detection and tracking capabilities, especially against hypersonic threats, with the first satellites expected to be delivered by 2029.
BAE Systems demonstrated its ExMEP capability, a universal top plate design that allows for the rapid integration of various turrets onto the U.S. Army's Armored Multipurpose Vehicle (AMPV) at the Global Force Symposium. The flexible top plate, based on a study of turrets worldwide, enables the AMPV to accept over 30 different sized turrets, expanding its mission capabilities beyond the five planned variants. The company has successfully integrated a 30mm unmanned turret and a counter-unmanned aircraft system turret onto the AMPV, with further testing planned for a 120mm unmanned turreted mortar capability. This capability not only benefits the U.S. Army but also offers options for potential foreign customers with specific requirements.
Australia has selected BAE Systems and ASC Pty Ltd to collaborate on building and operating its own nuclear-powered submarines under the AUKUS agreement, with the UK's next-generation design serving as the basis. BAE Systems will work with ASC to establish a long-term joint venture in Australia, drawing on their expertise to develop a sovereign nuclear-powered submarine building capability. The SSN-AUKUS program will result in the largest and most advanced attack submarines for the Royal Navy and Australia, with BAE Systems receiving significant funding and expanding its workforce to support the program in both the UK and Australia.
BAE Systems has received regulatory approvals to finalize its $5.5 billion acquisition of Ball Aerospace, with the deal expected to close in the coming days. Once completed, Ball Aerospace will become a fourth operating sector of BAE Systems Inc., known as Space & Mission Systems, incorporating its employees and Colorado manufacturing facility. The acquisition will enable Ball Aerospace to pursue larger programs and tap into BAE's expertise and global supply agreements, while both companies continue to monitor federal budget uncertainty for fiscal year 2024.
BAE Systems has secured a contract, initially worth $50 million, to build structures for the M777 lightweight howitzer for the U.S. Army, potentially leading to the restart of the weapon's production line. The M777 has been crucial in the conflict in Ukraine, with the U.S. providing nearly 200 units. BAE will reestablish its supply chain in the U.K. and the U.S., aiming to deliver the first structures by 2025. The M777 is currently in service with several countries, and the new contract offers an opportunity for economies of scale for new and existing users. The U.S. Army is also developing a new artillery strategy to incorporate new technologies and enhance battlefield capabilities.
The Biden administration's first CHIPS Act grant of $35 million to BAE Systems' semiconductor plant in Nashua, New Hampshire, is expected to quadruple the city's chipmaking output for defense technologies, including those used in F-35 fighter jets. The funding will also jump-start workforce upskilling, providing training for higher-paying jobs. While chipmaking is highly automated and doesn't require vast workforces, the grant will lead to incremental job growth. The modernization of BAE's microelectronics center will enhance the nation's ability to provide situational awareness and survivability for defense technologies. The grant is part of the government's efforts to tighten domestic control of supply chains for sensitive tools.
US Commerce Secretary Gina Raimondo expects to announce around a dozen semiconductor chips funding awards within the next year, including multi-billion dollar announcements, as part of the "Chips for America" program. The goal is to increase the percentage of semiconductors produced in the US from 12% to closer to 20% and establish leading-edge manufacturing clusters. The first award of $35 million has been given to BAE Systems. Companies like Intel, Micron, and GlobalFoundries are seeking significant funding from the program, which has received over 550 statements of interest. Congress has allocated $39 billion for manufacturing incentives.
The Biden administration has announced the first federal investment in computer chip production, providing $35 million to BAE Systems in New Hampshire to increase chip production for military aircraft. This funding comes from the bipartisan CHIPS and Science Act, which aims to boost semiconductor development and manufacturing in the United States. The move highlights the national security focus of the law, as advanced chips are crucial for weapons systems. The investment aims to reduce dependence on foreign supply chains and ensure the availability of advanced technologies.
The Biden administration has chosen defense contractor BAE Systems as the recipient of the first federal grant under the CHIPS Act, a program aimed at bolstering American semiconductor manufacturing. BAE Systems is expected to receive a $35 million grant to increase domestic production of a type of chip used in fighter jets. The grant is intended to enhance the secure supply of critical components for the United States and its allies. The decision to select a defense contractor for the first award highlights the administration's focus on national security. The funding is part of a larger effort to incentivize chip factory construction in the United States and reduce reliance on offshore manufacturing.
The Biden administration has announced the first federal investment in computer chip production, providing $35 million to BAE Systems in New Hampshire to increase chip production for military aircraft. This funding comes from the bipartisan CHIPS and Science Act, which aims to boost semiconductor development and manufacturing in the US. The choice of a military contractor highlights the national security focus of the law, as advanced chips are crucial for weapons systems. The investment aims to reduce dependence on foreign supply chains and ensure national security needs are met.
BAE Systems is set to receive the first grant from the CHIPS and Science Act, a signature law of the Biden administration aimed at revitalizing America's semiconductor sector. The $35 million award will support BAE's US manufacturing of semiconductors for national security efforts, particularly for the Pentagon's F-35 fighter jet program. The announcement highlights the administration's focus on the link between semiconductors and national security. The Biden administration plans to spend approximately $50 billion in total to boost the semiconductor industry. Other chip companies are still awaiting formalization of their awards.
BAE Systems has formed an industry team, including Babcock and Rheinmetall BAE Systems Land (RBSL), to compete for the British Army's 155mm artillery requirement. The team is offering the Archer 8x8 wheeled artillery system for the Ministry of Defence's Mobile Fires Platform program. If selected, the Archer system could have up to 60% British industry content. BAE will provide and integrate the weapon system, while RBSL will supply the HX 8X8 truck chassis. Babcock will be responsible for consolidation and contribute its manufacturing and maintenance capabilities. The British Army aims to replace its aging AS90 155mm systems with 96 wheeled or tracked vehicles by 2029. Other bidders for the program include Hanwha Aerospace and KMW.
UK defense giant BAE Systems has established a local entity in Ukraine and signed agreements to increase the supply of weapons and equipment to Kyiv. The move allows BAE to work directly with Ukraine to explore partnerships and potentially produce light artillery in the country. This comes as Britain has become a major defense supplier to Ukraine since the Russian invasion in February 2022. The agreements were made after Ukraine and Sweden signed a statement of intent to strengthen cooperation in the production and operation of armored vehicles. Ukraine aims to boost its military supplies and create jobs in an economy impacted by the war. BAE Systems, Europe's largest defense contractor, is already providing training and repair services to Ukraine's military.
Colorado-based Ball Corp. has agreed to sell its aerospace business to British company BAE Systems for $5.6 billion in cash. The deal, subject to regulatory approvals, is expected to close in the first half of 2024. The sale will allow Ball Corp. to reduce debt and focus on growing its global aluminum packaging businesses. Ball Aerospace, known for its contributions to space exploration, has about 5,200 employees and is expected to add over $2 billion in annual revenues to BAE Systems.
UK defense contractor BAE Systems has agreed to acquire Ball Aerospace, the aerospace division of Ball Corporation, for $5.6 billion in cash. The deal, expected to close in the first half of next year, is subject to regulatory approval. Ball Aerospace, known for manufacturing spacecraft and specialized aerial systems, has key customers such as NOAA, the Pentagon, and U.S. intelligence agencies. The acquisition will add a high-quality, fast-growing technology-focused business to BAE Systems' core operations and help Ball Corporation reduce its debt.