BAE All That You Can Be

Nov 29, 2006 "BAE Systems saw its shares climb 2.3% in London on Wednesday after the weapons company announced a deal with the U.S. Army.

The company confirmed it had received contract modifications worth $1.16 billion from the U.S. Army TACOM Life Cycle Management Command -- one of the force's largest weapon systems research, development, and sustainment organizations -- to remanufacture and upgrade 610 Bradley Combat System vehicles and to provide spare components.

Media reports said that work on the contracts will begin immediately, with deliveries scheduled to begin in April 2008 and run through April 2009.

BAE purchased United Defense Industries, the maker of the Bradley fighting vehicles, in June 2005 to become the U.S. Pentagon's seventh-biggest contractor. In September, BAE said first-half profit rose 28% on sales of Bradleys to the U.S.

"Bradleys have been delivering excellent capability to our war fighters since March 2003,'' said Andy Hove, BAE Systems' director of Bradley Combat Systems, in a statement.

Shares of BAE Systems fell 4.4% on Monday on reports it might lose a Eurofighter deal with Saudi Arabia if a fraud probe was extended to the Saudi royal family. The Sunday Telegraph newspaper said the Saudi government would scrap its Eurofighter Typhoon agreement with Britain and give the jets contract to France if the U.K.'s Serious Fraud Office (SFO) poked their noses into Swiss bank accounts allegedly linked to members of the Saudi royal family."


--- War ! huh ! yeah what is it good for ....