BAE Systems Development of 3D Printing Capacity for Defense and Aerospace Sector

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A Memorandum of Understanding (MOU) has been signed by Andy Schofield for BAE Systems, and Will Lee, Chief Executive, Renishaw, during a visit to our manufacturing facilities in Samlesbury, Lancashire. According to Andy Schofield, he is excited by this partnership to have addictive manufacturing which will bring about significant benefits to this sector. Andy Schofield reiterates that Renishaw is a world leader in additive manufacturing and that they are satisfied by the quality of parts produced on their machines.

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This partnership he said will bring about an open and corroborative environment. Besides, ideas and knowledge will be shared and imparted. It becomes more imperative to collaborate in an environment of challenged budgets and fast-growing technology.

This will ensure that we retrain cutting edge ability over others. Will Lee indicated that they have many years of relationship with BAE Systems during the application of their metrology products and AM system. They are also impressed with the AM system and the vision they have for AM development. They are looking forward to the development of AM technologies in respect of Aerospace production applications.

BAESystem

LSE: BA – Daily Chart

BAE System Makes a Significant Upward Movement Despite Resistance at 580

BAE Systems (LSE: BA.)
Resistance levels: 500, 520, 540
Support levels: 480, 460, 440

Today, the BAE system stock price is appreciating as the price reaches 624.60 as at the time of writing. In retrospect, BAE System stock price was in a sideways trend between December 2018 and May 2019. The stock was fluctuating between 440 and 520 for six months. On May 31, the bull market commenced as the bulls broke the initial resistance at 520. The upward move was sustained as the bulls reached a high of 580 in September. The stock price of 580 becomes a strong resistance.

The uptrend was terminated four months because of the bulls’ inability to break the resistance at 580. Interestingly, on January 3, the bulls broke the overhead resistance at 580 to resume the uptrend. The new uptrend is facing resistance between 620 and 640. On the upside, if the bulls break the current resistance, the uptrend will resume. Otherwise, a sideways trend will ensue. The Relative Strength Index (RSI) period 14 and the Stochastic Indicator have reached the overbought region of the market. This indicates that the stock price may drop as sellers may come in.

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