BAE Systems share price ticks up as $390m U.S. Army Bradley deal lands

London, 27 November 2025 — BAE Systems plc (LON: BA.) edged higher in Thursday trading after a fresh wave of contract news, led by a new U.S. Army order worth more than $390 million for upgraded Bradley A4 fighting vehicles. The deal adds to a busy November that has seen new business from India, Denmark and the U.S. Navy, alongside a deepening push into space-grade semiconductors. ^[1]

Share price today: BAE Systems last traded around 1,650p, with latest historical data showing a 0.3% gain to 1,649p for 27 November, extending Wednesday’s 1.4% rebound. ^[2]
Biggest new win: A contract modification worth over $390 million from the U.S. Army for additional Bradley A4 infantry fighting vehicles, with deliveries running to October 2026. ^[3]
International momentum: A new BvS10 “Sindhu” all‑terrain vehicle contract for the Indian Army (via partner Larsen & Toubro) and 44 extra CV90 vehicles for Denmark broaden BAE’s land-systems backlog. ^[4]
Tech angle: A space‑chip collaboration with GlobalFoundries uses BAE’s RH12™ radiation‑hardened platform and GF’s 12nm FinFET process for space electronics. ^[5]
Outlook: Management recently reaffirmed 2025 guidance and pointed to a c.£75bn order book, while some analysts still see the shares trading below their estimated fair value. ^[6]

BAE Systems share price today: modest rise after a choppy month

Based on latest end‑of‑day data, BAE Systems’ London-listed shares closed Thursday 27 November at around 1,649p, up about 0.30% on the session and building on Wednesday’s stronger bounce from mid‑month lows. ^[7]

The move comes after a volatile November in which the stock pulled back roughly 13% over the month, even though it still shows a year‑to‑date gain of more than 40% and a 12‑month total return above 25%, according to analysis from Simply Wall St. ^[8]

That same analysis pegs BAE Systems’ “fair value” at about £21.35 per share, compared with a recent price near £16–17, implying the stock could still be trading at a discount despite its strong multi‑year run. ^[9] Other brokers highlight that the shares now carry higher‑than‑historic valuation multiples, reflecting the market’s willingness to pay a premium for long‑term defence exposure. TechStock²

Reminder: Share prices move constantly. Figures in this article are delayed and for information only, not a recommendation to buy or sell.

$390m Bradley A4 contract: keeping U.S. production lines “hot”

The headline defence news driving BAE Systems’ narrative this week is a new U.S. Army contract modification worth more than $390 million to produce additional Bradley A4 infantry fighting vehicles. ^[10]

According to a BAE Systems news release distributed via PR Newswire, the contract: ^[11]

Covers upgraded Bradley A4 variants that replace older models and bring major improvements in lethality, survivability and crew safety.
Is structured as a definitized contract modification under an existing programme, taking total orders for the latest Bradley configuration still higher.
Will see vehicles produced across BAE’s U.S. industrial network, including sites in Aiken (South Carolina), Anniston (Alabama), Minneapolis (Minnesota), San Jose (California), Sterling Heights (Michigan) and York (Pennsylvania).
Has production already in progress, with first deliveries due by October 2026.

BAE’s Ground Maneuver product line director Bill Sheehy said the A4 variant delivers the performance and “next‑generation capability” that U.S. soldiers need, and stressed that the award helps keep manufacturing lines busy and ready for further orders — a key point for both industrial resilience and local employment across several U.S. states. ^[12]

The Bradley A4 is part of the U.S. Army’s Armored Brigade Combat Team (ABCT) modernisation push. It features digitised electronics, improved power and survivability systems and enhanced network connectivity, allowing crews better situational awareness and integration with other platforms on the battlefield. ^[13]

For investors, the contract is another example of how legacy platforms are being progressively upgraded rather than fully replaced, often resulting in multi‑year, repeatable revenue streams.

India’s BvS10 “Sindhu” deal: first Asian foothold for a niche all‑terrain vehicle

While the Bradley contract grabbed U.S. headlines, India’s new BvS10 “Sindhu” contract is shaping up as a strategically important win in Asia.

On 26 November, European Defence Review reported that the Indian Army has signed a contract for BvS10 Sindhu articulated all‑terrain vehicles, to be supplied by Larsen & Toubro (L&T) under licence from BAE Systems Hägglunds, the original manufacturer. ^[14]

Key details from the report include: ^[15]

Local production in India: L&T will build the vehicles at its Armoured Systems Complex in Hazira, with BAE Systems providing technical and design support.
Integrated support: The deal includes comprehensive logistics, maintenance and life‑cycle support, which typically carry higher margins than one‑off vehicle sales.
Harsh‑environment design: The BvS10 Sindhu is tailored for India’s demanding geography — from high‑altitude Himalayan terrain to deserts, marshland and amphibious operations — and has passed a demanding trial programme.
First expansion into Asia: The programme marks the first BvS10 deployment in Asia, underlining BAE’s push into new regional markets.

No contract value has been publicly disclosed, but the structure — licensed local manufacturing plus long‑term support — fits India’s “Make in India” focus on industrial self‑reliance while embedding BAE Systems as a long‑term technology partner. ^[16]

From an order‑book perspective, the BvS10 Sindhu joins a cluster of recent land‑systems deals, including 44 additional CV90 MkIIIC infantry fighting vehicles for Denmark, announced last week and valued at about $450 million. ^[17]

Space semiconductors: GlobalFoundries tie‑up powers RH12™ Storefront

Beyond tanks and troop carriers, BAE Systems is quietly expanding in a very different niche: radiation‑hardened microelectronics for space.

On 19 November, GlobalFoundries (GF) announced a collaboration in which BAE Systems will use GF’s 12LP FinFET semiconductor process to build custom chips for space missions, manufactured at GF’s fab in Malta, New York. ^[18]

According to the joint press release: ^[19]

BAE will integrate GF’s FinFET technology into its RH12™ Storefront, a “turnkey” environment that allows customers to design 12nm radiation‑hardened integrated circuits (ICs) for space applications.
The platform is aimed at space avionics and telecoms payloads, combining high processing performance, secure connectivity and strong power efficiency.
GF’s Malta facility is accredited to manufacture sensitive chips for defence and aerospace customers, complying with tight U.S. export control and security requirements (ITAR/EAR).

BAE previously announced enhancements to the RH12 Storefront, including a broader library of IP blocks and a focus on power‑efficient designs for space missions. ^[20]

For BAE Systems, the GF tie‑up matters less for near‑term revenue and more as a strategic foothold in high‑margin, “sticky” space electronics, where bespoke chips and design ecosystems can create deeper, longer‑term customer relationships.

U.S. Navy missile canisters and Danish CV90s: November’s other contract highlights

The Bradley A4 news sits alongside several other November contract wins that support BAE Systems’ growth story:

Mk 41 Vertical Launch System canisters

On 25 November, BAE Systems announced a $22 million contract from the U.S. Navy to produce missile canisters for the Mk 41 Vertical Launching System (VLS), with options that could lift the total contract value to $317 million. ^[21]

The new order follows a much larger $738 million award in July for Mk 41 canisters, reinforcing BAE’s position as a key supplier to the U.S. surface fleet’s primary vertical launch architecture.

More CV90 infantry fighting vehicles for Denmark

On 21 November, a separate BAE Systems release confirmed that Denmark’s defence procurement agency has ordered 44 additional CV90 MkIIIC infantry fighting vehicles, under a contract worth roughly $450 million including spares, training, logistics and support. ^[22]

The new order builds on a 2024 framework agreement and will eventually bring Denmark’s future CV90 fleet to 159 vehicles, replacing an earlier mid‑life upgrade plan for older CV9035DK platforms. ^[23]

Taken together with the India and Bradley announcements, the CV90 deal underscores how BAE’s armoured vehicle franchises continue to benefit from higher European and NATO defence spending, as countries refresh land forces for a more contested security environment.

Guidance reaffirmed; analysts still see upside despite richer valuation

Earlier in November, BAE Systems issued a trading update and market statement indicating that it remains on track to meet its upgraded 2025 full‑year guidance, underpinned by strong operational and financial performance. ^[24]

Broker commentary and summarised figures from that update suggest: TechStock²+1

Sales growth expected in the 8–10% range for 2025.
Underlying operating profit targeted to rise 9–11%.
Free cash flow guided at more than £1.1bn, with around £1.5bn earmarked for shareholder returns via dividends and buybacks this year.
An order backlog of roughly £75bn, providing multi‑year revenue visibility across submarines, combat aircraft, naval ships, land vehicles and electronics.

Simply Wall St’s valuation work, using these fundamentals, concludes that BAE Systems may still trade around 20–25% below its estimated intrinsic value, even after a multi‑year rerating, although the article stresses this is general commentary rather than personalised advice. ^[25]

The flip side is that higher multiples leave less room for disappointment: setbacks on major programmes, lower‑than‑expected defence budgets or cost inflation could all pressure margins and sentiment.

Hiring, apprenticeships and events: signals from inside the business

BAE Systems’ latest news is mirrored by its internal activity:

Apprenticeships webinar (UK, 27 November): The company is hosting a “Discover your future: apprenticeships at BAE Systems, UK” online event today, aimed at students, graduates and career‑changers looking to enter the defence and engineering sector. ^[26]
Ongoing recruitment: Job postings for roles such as commercial managers and engineers in locations including Riyadh and the UK show the company continuing to add specialist talent, with some adverts closing on 27 November 2025. ^[27]

These softer signals align with BAE’s message that it is investing for long‑term growth, not just pushing for short‑term contract wins.

What today’s developments mean for investors

For shareholders watching BAE Systems on 27 November 2025, the picture looks like this:

Momentum in core platforms: The Bradley A4, CV90 and BvS10 Sindhu deals all reinforce BAE’s status as a go‑to supplier of armoured vehicles for NATO allies and partners, at a time when land forces are being re‑equipped for high‑intensity conflict. ^[28]
Deepening specialisms: Space‑grade microelectronics and missile‑launch canisters highlight BAE’s ability to occupy specialist niches that can generate attractive margins and sticky customer relationships. ^[29]
Visibility and cash returns: A large order book, reaffirmed guidance and sizeable buyback/dividend plans continue to support the equity story, even after a significant share‑price rally over the past few years. ^[30]
Valuation and risk: After a strong run, the shares no longer look “cheap” on traditional multiples, and any wobble in orders, programme execution or defence‑spending politics could weigh more heavily than in the past. TechStock²+1

As always, anyone considering exposure to BAE Systems — whether directly or via funds and ETFs — should weigh these positives against their own risk tolerance, portfolio mix and view on long‑term defence spending trends. This article is for information only and does not constitute investment advice.

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