Limit Buy 353.5 (Hang on, just check that again. Aye 353.5)

LOL. not that daft then.....yet!

cc 347p are you still interested?

halifax - Aye, obviously limit buy not triggered, as long as stays above 50DMA tomorrows another day.

Gone long here@330.3.

Interim Management Statement.

Closed +10.7

BAE Systems Fined Up To $79 Million By US Department Of State
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Bae Systems (LSE:BA.)
Intraday Stock Chart
Today : Tuesday 17 May 2011


BAE Systems PLC (BA.LN), the defense company, Tuesday said it will pay a fine of up to $79 million after reaching a civil settlement with the U.S. Department of State in connection with violations of the U.S. defence export control regulations that were the subject of the company's earlier settlement with the United States Justice Department, announced Feb. 5.

MAIN FACTS:

-The fine will be payable over a period of three years, subject to a reduction of up to $10 million in respect of the cost of enhanced export control compliance measures already implemented by the company and planned for implementation during the four-year period.

-In addition, a limited number of the company's U.K.-originated export programs will be subjected to enhanced administrative review, which is not expected to adversely impact the company's current or future export programs.

-The Company will also make additional commitments concerning its ongoing compliance.

-Shares closed Monday at 339 pence valuing the company at GBP11.58 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

BAE Systems To Sell Regional Aircraft Asset Management Business

Today : Thursday 26 May 2011


Defense and aerospace firm Bae SYSTEMS PLC (BA.LN) said Thursday it has agreed to sell its Regional Aircraft Asset Management business and companies owning 151 regional aircraft to investment affiliates of Fortress Investment Group LLC (FIG) for $187 million in cash, subject to adjustment.

MAIN FACTS:

-Any adjustment to consideration will reflect the difference between the estimated and actual trading and aircraft sales from Jan. 1 up to completion.

-Up to $21 million of consideration will be deferred pending transfer of title of certain aircraft.

-Certain of the aircraft-owning companies are funded through the Systems 2001 Asset Trust financing, a private placement of debt securities completed in 2001.

-BAE Systems has also entered into an agreement with the relevant parties to the private placement, which provides for the acquisition and redemption of $514 million of the Series G Equipment Notes and Series B Equipment Notes issued under the Systems 2001 Asset Trust financing.

-Sale of the business will result in a small increase in the interest charge with the redemption of the structured finance but won't result in any material charge to profit and loss account.

-Net impact of the changes to financing and proceeds of the sale is expected to reduce the group's net debt by $180 million.

-Completion of the sale of the business is conditional upon, among other things, receiving regulatory approval and is expected to take place during the third quarter of 2011.

-BAE shares at 1255 GMT down 0.2% at 330 pence valuing the company at GBP11.29 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

BAE Systems to announce nearly 3,000 job cuts

Defence contractor BAE Systems is to formally announce later that it is cutting nearly 3,000 jobs in the UK.

Brough in East Yorkshire will see 900 jobs go, Warton in Lancashire will lose 822 posts and Samlesbury, also in Lancashire, will lose 565.

A further 655 jobs will also be lost at smaller sites, taking the final figure to 2,942, the BBC understands.

"Investec has downgraded UK defence contractor BAE Systems from buy to hold, saying that while third quarter trading was in line, uncertainties have persisted as expected.

The broker says that a lot of bad news is already price in, with the trading on a 6.6 times forward earnings.

"But with potentially (positive and negative) price-moving events coming up we move to a neutral stance," given that the shares have moved close to its 300p target price."

Another Xmas punt bought on spread bet for no magical, technical or fundamental reason other than stock has rallied in December for the last 4 years :O)

Entered last Friday 2nd @ 274.6 initial target 290.0 stop 269.6

img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=BA.&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR4&MA=50;200;&EMA=&OVER=AreaBB;&IND=VOLMA;MACD;SlowSTO;AreaRSI;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">

Above supposed to be a 4 year chart, somehow managed to make a orchestral stalls of copying and pasting it.

Looks fine except you forgot to add the first < command.

Got it this time, looks a mess. :O) Stop to entry for risk free trade.

Stopped out at the open, straight back in :O)

Stop to initial target to lock in + 15.4

Buy order triggered on the spreads today @ 293.7 Target 420.0.