FX.co ★ BAE Secures Follow-On Contract From US Army To Develop Advanced Electronic Warfare Countermeasures

BAE Systems plc has announced on Tuesday that it has secured an additional contract from the U.S. Army to advance its Multi-Class Soft Kill System countermeasures. Under this agreement, BAE Systems will continue developing its laser-based countermeasure systems, Stormcrow and TERRA RAVEN, aimed at shielding ground combat vehicles from guided missiles and nearby threats. As of now, BAE's shares are being traded at 1,304.00, reflecting a 0.62 percent increase on the London Stock Exchange.