BAE Systems (BAESY) announced a $135M investment for facility enhancements in Austin, Texas and Hudson, New Hampshire. “Approximately $85M is being implemented at the company’s Hudson campus, where advanced capabilities are designed, developed, and tested. The renovation will modernize and reconfigure 65,000 square feet of workspace to optimize workflow and support the future needs of U.S. and allied customers. A $50M manufacturing overhaul in Austin will scale factory infrastructure to quickly meet evolving defense requirements for affordable precision munitions. The site will support end-to-end operations by speeding up innovation and ensuring consistent, reliable production. These industrial and manufacturing enhancements will support mission-critical Department of War and aerospace programs,” the company stated.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAESY:
- BAE Systems awarded $535.62M Army contract
- Analyst Reaffirms Buy on BAE Systems Citing Strong Order Intake, Global Defense Demand and Upside from Earnings Upgrades
- BAE Systems opens new Endicott, New York facility
- BAE Systems announces production of NavGuide GPS receiver
- BAE Systems price target raised to 2,650 GBp from 2,600 GBp at UBS