BAE Systems

Ticker BA.

Today's data summary

Market closed
% change
-2.90%
Price Pence
496.20
Change
-14.80
As of 22:02 30 May 2020
Market cap. Pound sterling
15,954.54 million
As of 22:02 30 May 2020

Latest updates

BAE helps set up virus testing point in Barrow

A temporary coronavirus testing station has opened in Barrow in an unused car park at the BAE shipyard.

The army is staffing the centre on Michaelson Road for three days from today, initially only to allow testing of eligible people with appointments.

But BAE says the intention is that the gazebos and other equipment could allow the shipyard to host a test centre for its workers and the community in Barrow in the future.

Shipyard 'strongly rejects' virus hotspot allegation

The Barrow shipyard is "strongly rejecting" Guardian newspaper claims that it is a "coronavirus hotspot," responsible for the high rate of infection and deaths in the town.

Figures released a week ago suggested the town had a higher rate of infection thatn any other council area in England.

Library picture of subamrine and construction hall
BAE Systems

BAE Systems says it has followed public health guidance - and currently only one in five of the workforce is allowed to work on site.

Colin Cox, Cumbria's Director of Public Health, says he has seen "no evidence yet" to implicate the shipyard.

MPs' committee criticises cost of nuclear defence projects

The country's nuclear deterrent programme is costing the taxpayer huge sums of money because the Ministry of Defence (MoD) has failed to learn from past mistakes, according to the spending watchdog, the Commons Public Accounts Committee.

The National Audit Office produced a report earlier this year which said three projects, including the work at the Barrow shipyard, to build the submarines that will carry the missiles were over budget by £1.35bn, with delays between two and six years.

The committee looked into the report earlier this year and Meg Hillier, the chairman, says the situation is "completely unacceptable".

The MoD told the committee that it "immensely regrets" the amount of money which has been lost, but warned that costs could continue to rise.

New buildings at BAE
BBC

To utterly fail to learn from mistakes over decades, to spectacularly repeat the same mistakes at huge cost to the taxpayer – and at huge cost to confidence in our defence capabilities – is completely unacceptable."

Meg Hiller MP

Hospice staff get special training to use high-spec masks

Neil Smith

South Cumbria journalist, BBC Cumbria

Trainers from the Barrow BAE shipyard have been teaching staff at South Cumbria's hospice how to use new Personal Protective Equipment.

BAE trainer and hospice carer in masks
St Mary's Hospice

Respirators normally used in engineering work were given by the shipyard to protect St Mary's Hospice workers and their patients, and they need to be fitted and maintained correctly.

BAE Systems has delivered Face Fit testing so the charity can deliver care while avoiding spreading the virus.

Shipyard works with toy shop to provide activity packs

Barrow's BAE shipyard is working with a local toy shop and other businesses to provide 100 local children with activity packs.

Phil Heath with packs
BAE Systems

The packs are being put together by toy shop Heaths and contain paper, crayons, and pencils suitable for primary-age children, and they will be distributed by a local charity.

The company says it is working with Asda and Morrison's as well as Phil Heath to provide the packs, which are aimed at helping the youngsters with education during the pandemic..

'Home-workers' help make 120,000 shields for NHS staff

Workers from the Barrow shipyard are involved in making more than 120,000 faceshields for the NHS, after a plea for help from the GP surgery on Walney Island.

Face shield
BAE Systems

BAE Systems in Lancashire designed the new visors, and staff from the Barrow yard are making the headbands on 3D printers, some of them working at home.

Barrow's Furness Plastics is cutting the clear sheets for the visors, which meet NHS specification.

In home waters: Navy's newest sub moors up at base

HMS Audacious, which left the Barrow shipyard for the first time earlier this week, has arrived at its new home in Scotland.

Normally, the whereabouts of Her Majesty's nuclear submarines is kept confidential, but the Clyde's link to the "silent service" is not really a secret.

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In pictures: Audacious sets sail for 'silent service'

Molly Brewer

Reporter

It takes years to build a submarine, so when a vessel sails from Barrow for the last time, it's normally a big event, with local people crowding onto vantage points to watch.

This year that was not possible, and it was some hours before the Royal Navy and the BAE shipyard released pictures, but they were worth waiting for.

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