LONODN, July 29 (Reuters) – BAE Systems (BAES.L) reported a 14 percent rise in first-half earnings and said it expected to deliver growth in the full-year despite expected lower sales at its land vehicle unit and cuts in European defence budgets.
Europe’s largest defence contractor on Thursday posted underlying earnings before interest, taxes and amortisation of 1.11 billion pounds ($1.73 billion) on sales 9 percent higher at 10.64 billion pounds for the six months to the end of June.
The company, which on Wednesday signed a 500 million pounds deal to supply India with 57 Hawk jets, increased the interim dividend by 9 percent to 7 pence per share but said it “anticipates a challenging trading environment” ahead.
BAE wants to grow its customer support and services business to offset expected cuts in UK defence procurement as Britain moves to cut a massive budget deficit.
Shares in BAE, which have fallen 10 percent in the last three months on concerns about potential cuts to European defence budgets, closed at 317 pence on Wednesday, valuing the company at around 10.80 billion pounds.
Despite the looming cuts, BAE, which derives around a fifth of its sales from Britain, said it saw unprecedented levels of interest from Middle Eastern and Asian governments at last week’s Farnborough airshow. [ID:nLDE66K206]
(Reporting by Rhys Jones; Editing by Matt Scuffham)
($1=.6402 Pound)
Adapx to Provide Natural User Interface Technology to BAE Systems in Support of the Defense Advanced Research Projects
SEATTLE, WA, Mar 03 (MARKET WIRE) —
Adapx (http://www.adapx.com), the company that is changing the way mobile
teams collaborate and collect data, today announced that it has been
awarded a subcontract from BAE Systems (LSE: BAES) in support of the
Defense Advanced Research Projects Agency’s (DARPA) Deep Green Program.
The goal of the Deep Green Program is to create a decision-making support
system that enables commanders to use simulation to predict outcomes of
various scenarios based on the latest information and to make necessary
adjustments.
The decision support system will include natural computer interfaces for
war fighters, a common futures graph, and a synthetic battle-space engine
that will understand inputs and employ reasoning to predict multiple
potential outcomes on the battlefield. Adapx will contribute its
expertise in natural multimodal interfaces, which will enable war
fighters to interact directly with computer systems using voice, sketch,
and handwriting.
“The multimodal interfaces from Adapx enable commanders and staff to
naturally create and communicate plans using handwriting, sketch, and
voice,” said Tadg Corkery, Deep Green Program Manager at BAE Systems.
“Courses of actions are automatically entered into the Deep Green system
without forcing staff to navigate a complex graphical user interface.”
The multimodal speech and sketch software automatically converts
hand-drawn sketches and accompanying verbal comments issued during
military planning sessions. The digital courses of action can then be
analyzed and simulated in order to present a set of options to the
commander. Adapx has been developing multimodal systems since 1999,
building on earlier work by the company’s founders to support DARPA’s
Command Post of the Future Program.
“We are very pleased to be working with BAE Systems and to develop these
advanced user interfaces and collaborative technologies for DARPA,” said
Dr. Phil Cohen, co-founder and executive vice president of research at
Adapx.
About BAE Systems
BAE Systems is a global defense, security and
aerospace company with approximately 107,000 employees worldwide. The
Company delivers a full range of products and services for air, land and
naval forces, as well as advanced electronics, security, information
technology solutions and customer support services. In 2009 BAE Systems
reported sales of GBP 22.4 billion (US$ 36.2 billion).
About Adapx
Adapx is changing the way mobile teams collect data and
collaborate with Capturx(TM) software. A broad range of industries and
agencies use Capturx products as natural interfaces into Microsoft
Office, GIS, and CAD systems through digital pens and voice. Teams can
immediately collect and access data in native file formats and systems
without the delay and cost of transcribing paper or deploying mobile
computers. Adapx has strategic partnerships with Microsoft, ESRI,
In-Q-Tel, and works with standard digital pen technology from Anoto. For
more information, please visit www.adapx.com or send email to
sales@adapx.com. Capturx products are available on the GSA Schedule
[GS-35F-0131R] or through ESRI.
Adapx and Capturx, and their respective logos are trademarks, registered
trademarks, or service marks of Adapx Corporation. Other products and
company names mentioned are the trademarks of their respective owners.
Media Contacts:
Deanna Leung Madden
Buzz Builders for Adapx
206-915-0512
Email Contact
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