BAE Systems secures $1.2 billion Space Force contract

BROOMFIELD, Colo. - BAE Systems has landed a substantial $1.2 billion contract to bolster the U.S. Space Force’s missile tracking capabilities through the Resilient Missile Warning & Tracking (RMWT) Medium Earth Orbit (MEO) Epoch 2 program. The defense and aerospace company will act as the principal contractor, tasked with designing and constructing ten spacecraft over the span of the contract, which includes a four-year period for delivery of the space vehicles and an additional five-year term for operations and support.

The RMWT program aims to deliver robust, space-based detection and tracking of ballistic missiles, as well as advanced threats like hypersonic glide vehicles. To manage this satellite constellation, BAE Systems will also develop a ground system responsible for mission management, command and control (C2), and mission operations, enhancing the efficiency of these operations. With annual revenues of $69.4 billion, BAE Systems maintains a strong market position, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. Investors can access detailed financial analysis and 12 additional ProTips with an InvestingPro subscription.

Thai Sheridan, vice president and general manager of Military Space for BAE Systems Space & Mission Systems, emphasized that the effort expands on the company’s proficiency in facilitating integrated satellite defense programs that are cost-effective and encompass payload and bus construction, along with ground support, operations, and maintenance. The system is designed for close coordination across various capabilities essential for missile warning and tracking.

The satellites, equipped with advanced onboard data processing and crosslinks, will feature a sophisticated electro-optical/infrared sensor and communication payload. The payload will be supported by the Trek bus variant from BAE Systems’ Elevation spacecraft product line, which offers enhanced payload interface flexibility, an improved attitude determination and control system, and secure communication features.

This initiative is set to advance warfighter capabilities by ensuring the continuous delivery of mission data, seamlessly integrating with operational missile defense systems. The contract signifies a further step in BAE Systems’ ongoing efforts to support the Department of Defense and Space Force satellite constellations that contribute to national security and government resilience.

Earlier in the year, BAE Systems was chosen by Space Systems Command to provide a new satellite command and control system for the Space Force’s Future Operationally Resilient Ground Evolution (FORGE) program. For investors seeking comprehensive insights into BAE Systems’ financial health and growth prospects, InvestingPro offers an in-depth research report, part of its coverage of over 1,400 US equities, providing actionable intelligence for informed investment decisions.

This information is based on a press release statement.

In other recent news, Boeing’s delivery figures for May showed a slight increase, with 45 aircraft delivered, including 31 MAX models, 5 units of the 777, and 7 units of the 787. This improvement in deliveries comes as Jefferies analysts raised Boeing’s stock price target to $250, citing ongoing enhancements in production and delivery numbers. The Federal Aviation Administration (FAA) has maintained a production cap of 38 planes per month for Boeing’s 737 MAX, following a mid-air emergency earlier this year. Additionally, the FAA extended a program allowing Boeing to perform certain tasks on its behalf for another three years. Bernstein SocGen Group analysts have reiterated an Outperform rating for Boeing, highlighting strong momentum in its commercial airplane division. They noted the company’s progress in increasing production rates for its 737MAX and 787 models. Meanwhile, Boeing’s CEO confirmed the company is nearing a stable production rate of 38 units per month for the 737MAX, with plans to increase to 42 units by the year’s end. In the defense sector, Boeing recently secured the F-47 program and reported no charges in the first quarter, with liquidity concerns diminishing as the company prepares to finalize the sale of Jeppesen.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.