48.74BMarket Cap21.44P/E (TTM)
16.125High15.936Low9.18KVolume16.000Open16.593Pre Close147.35KTurnover0.00%Turnover Ratio21.44P/E (Static)3.02BShares17.35552wk High3.71P/B48.74BFloat Cap11.18752wk Low0.36Dividend TTM3.02BShs Float17.355Historical High2.22%Div YieldTTM1.14%Amplitude6.742Historical Low16.052Avg Price1Lot Size
BAE SYSTEMS Stock Forum
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The Next Generation of Combat Air (UK)
The $BAE SYSTEMS(BAESF.US)$ Tempest is the future of air combat being developed by a consortium of countries including the United Kingdom, Italy, Sweden and Japan.
One of the advantages this sleek and stealthy aircraft seeks to introduce is Artificial I...
Embraer's Air Mobility Unit Agrees to $2.4 Billion SPAC Deal
Embraer SA's Eve Urban Air Mobility unit will merge with Zanite Acquisition Corp. next year, the latest in a string of deals as flying-taxi startups seek capital from public markets.
The transaction announced Tuesday includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has multiple investors, including $175 million from Embraer and $105 million from a consortium that includes $BAE SYSTEMS(BAESF.US)$ , $ROLLS ROYCE ADR(RYCEY.US)$ and two U.S. regional airlines, Republic Airways and $SkyWest(SKYW.US)$.
Embraer will retain an 80% equity stake in the company following the merger. Bloomberg News first reported on the talks between Eve and Zanite in June.
The combination, expected to close in the second quarter of 2022, values Eve at $2.4 billion. Embraer has agreed to a three-year lockup on its rollover shares and Zanite’s sponsor has agreed to a three-year lockup on its founder shares.
Embraer American depositary receipts traded in New York surged 15% to $15.97 as of 10:08 a.m., the biggest jump in more than six months. Zanite rose 0.3% to $10.18.
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