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    <title>Fiscal Receipts — BAE Systems PLC watchlist</title>
    <link>https://fiscalreceipts.com/company/bae-systems/</link>
    <description>Budget and award signals for the 188 program element(s) linked to BAE Systems PLC on its Fiscal Receipts page (0 by high-confidence budget-to-award crosswalk, 188 by lobbying-filing mention), plus any signal naming the company family itself. A link is a documented connection, not a claim that the company holds the program&apos;s budget.</description>
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    <lastBuildDate>Thu, 13 Aug 2026 03:58:20 GMT</lastBuildDate>
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    <item>
      <title>Combat Vehicle Improvement Programs increased 128% FY25→26 — FY2025 $326.6M → FY2026 $744.1M (+$417.5M, +128%)</title>
      <link>https://fiscalreceipts.com/program/0203735A/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0203735A/A:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Combat Vehicle Improvement Programs increased 128% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $326.6M → FY2026 $744.1M (+$417.5M, +128%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/e5d96f0b&quot;&gt;Receipt: fact e5d96f0b&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e385abb5&quot;&gt;FY2025: $326.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9595e080&quot;&gt;FY2026: $744.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e5d96f0b&quot;&gt;change: $417.5M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/e5d96f0b"/>
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        <fr:point role="from" label="FY2025" fy="2025" value="326579" display="$326.6M" fact="e385abb516f99453" href="https://fiscalreceipts.com/fact/e385abb5"/>
        <fr:point role="to" label="FY2026" fy="2026" value="744085" display="$744.1M" fact="9595e080043de555" href="https://fiscalreceipts.com/fact/9595e080"/>
        <fr:point role="delta" label="change" fy="2026" value="417506" display="$417.5M" fact="e5d96f0ba8b682cb" href="https://fiscalreceipts.com/fact/e5d96f0b"/>
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      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
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    </item>
    <item>
      <title>Destroyers Guided Missile (DDG-1000) decreased 74% FY25→26 — FY2025 $224.9M → FY2026 $58.8M (−$166.0M, −74%)</title>
      <link>https://fiscalreceipts.com/program/0204202N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0204202N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Destroyers Guided Missile (DDG-1000) decreased 74% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $224.9M → FY2026 $58.8M (−$166.0M, −74%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/26657527&quot;&gt;Receipt: fact 26657527&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/67556688&quot;&gt;FY2025: $224.9M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/f4becd6e&quot;&gt;FY2026: $58.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/26657527&quot;&gt;change: -$166.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/26657527"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="224860" display="$224.9M" fact="675566882d2679fa" href="https://fiscalreceipts.com/fact/67556688"/>
        <fr:point role="to" label="FY2026" fy="2026" value="58817" display="$58.8M" fact="f4becd6e7eed19fa" href="https://fiscalreceipts.com/fact/f4becd6e"/>
        <fr:point role="delta" label="change" fy="2026" value="-166043" display="-$166.0M" fact="26657527c9c196b6" href="https://fiscalreceipts.com/fact/26657527"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Next Generation Combat Vehicle Technology decreased 57% FY25→26 — FY2025 $167.2M → FY2026 $71.5M (−$95.7M, −57%)</title>
      <link>https://fiscalreceipts.com/program/0602145A/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0602145A/A:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Next Generation Combat Vehicle Technology decreased 57% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $167.2M → FY2026 $71.5M (−$95.7M, −57%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/746a6ab9&quot;&gt;Receipt: fact 746a6ab9&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/ebfd14a3&quot;&gt;FY2025: $167.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/d253228e&quot;&gt;FY2026: $71.5M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/746a6ab9&quot;&gt;change: -$95.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/746a6ab9"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="167233" display="$167.2M" fact="ebfd14a389791c45" href="https://fiscalreceipts.com/fact/ebfd14a3"/>
        <fr:point role="to" label="FY2026" fy="2026" value="71547" display="$71.5M" fact="d253228e0b525274" href="https://fiscalreceipts.com/fact/d253228e"/>
        <fr:point role="delta" label="change" fy="2026" value="-95686" display="-$95.7M" fact="746a6ab91a6f0ae9" href="https://fiscalreceipts.com/fact/746a6ab9"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Unmanned Aerial System decreased 64% FY25→26 — FY2025 $78.2M → FY2026 $28.4M (−$49.8M, −64%)</title>
      <link>https://fiscalreceipts.com/program/0603128N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603128N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Unmanned Aerial System decreased 64% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $78.2M → FY2026 $28.4M (−$49.8M, −64%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/bb255739&quot;&gt;Receipt: fact bb255739&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/601996c2&quot;&gt;FY2025: $78.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b612f669&quot;&gt;FY2026: $28.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/bb255739&quot;&gt;change: -$49.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/bb255739"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="78175" display="$78.2M" fact="601996c27f60acb9" href="https://fiscalreceipts.com/fact/601996c2"/>
        <fr:point role="to" label="FY2026" fy="2026" value="28388" display="$28.4M" fact="b612f669f9fe39d5" href="https://fiscalreceipts.com/fact/b612f669"/>
        <fr:point role="delta" label="change" fy="2026" value="-49787" display="-$49.8M" fact="bb255739b985fc02" href="https://fiscalreceipts.com/fact/bb255739"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Marine Corps Ground Combat/Support System increased 196% FY25→26 — FY2025 $94.0M → FY2026 $278.3M (+$184.2M, +196%)</title>
      <link>https://fiscalreceipts.com/program/0603635M/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603635M/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Marine Corps Ground Combat/Support System increased 196% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $94.0M → FY2026 $278.3M (+$184.2M, +196%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/692714b9&quot;&gt;Receipt: fact 692714b9&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/90801f33&quot;&gt;FY2025: $94.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/bdbf5f68&quot;&gt;FY2026: $278.3M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/692714b9&quot;&gt;change: $184.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/692714b9"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="94013" display="$94.0M" fact="90801f33561a1c2c" href="https://fiscalreceipts.com/fact/90801f33"/>
        <fr:point role="to" label="FY2026" fy="2026" value="278261" display="$278.3M" fact="bdbf5f6896128a78" href="https://fiscalreceipts.com/fact/bdbf5f68"/>
        <fr:point role="delta" label="change" fy="2026" value="184248" display="$184.2M" fact="692714b90f3d8229" href="https://fiscalreceipts.com/fact/692714b9"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Ballistic Missile Defense Terminal Defense Segment increased 127% FY25→26 — FY2025 $285.3M → FY2026 $646.9M (+$361.6M, +127%)</title>
      <link>https://fiscalreceipts.com/program/0603881C/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603881C/MDA:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Ballistic Missile Defense Terminal Defense Segment increased 127% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $285.3M → FY2026 $646.9M (+$361.6M, +127%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/01d254e0&quot;&gt;Receipt: fact 01d254e0&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9fe02a75&quot;&gt;FY2025: $285.3M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/d3ef34a0&quot;&gt;FY2026: $646.9M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/01d254e0&quot;&gt;change: $361.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/01d254e0"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="285279" display="$285.3M" fact="9fe02a7529418101" href="https://fiscalreceipts.com/fact/9fe02a75"/>
        <fr:point role="to" label="FY2026" fy="2026" value="646898" display="$646.9M" fact="d3ef34a0e47de665" href="https://fiscalreceipts.com/fact/d3ef34a0"/>
        <fr:point role="delta" label="change" fy="2026" value="361619" display="$361.6M" fact="01d254e071a59b5b" href="https://fiscalreceipts.com/fact/01d254e0"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Ballistic Missile Defense Sensors increased 222% FY25→26 — FY2025 $209.0M → FY2026 $672.6M (+$463.6M, +222%)</title>
      <link>https://fiscalreceipts.com/program/0603884C/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603884C/MDA:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Ballistic Missile Defense Sensors increased 222% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $209.0M → FY2026 $672.6M (+$463.6M, +222%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/5dc88a3c&quot;&gt;Receipt: fact 5dc88a3c&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e0a4edfd&quot;&gt;FY2025: $209.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b57c41ad&quot;&gt;FY2026: $672.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/5dc88a3c&quot;&gt;change: $463.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/5dc88a3c"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="209002" display="$209.0M" fact="e0a4edfd4134e737" href="https://fiscalreceipts.com/fact/e0a4edfd"/>
        <fr:point role="to" label="FY2026" fy="2026" value="672641" display="$672.6M" fact="b57c41adfb1ba570" href="https://fiscalreceipts.com/fact/b57c41ad"/>
        <fr:point role="delta" label="change" fy="2026" value="463639" display="$463.6M" fact="5dc88a3cd652142a" href="https://fiscalreceipts.com/fact/5dc88a3c"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Ballistic Missile Defense Command and Control, Battle Management and Communications (C2BMC) increased 93% FY25→26 — FY2025 $551.8M → FY2026 $1.07B (+$515.4M, +93%)</title>
      <link>https://fiscalreceipts.com/program/0603896C/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603896C/MDA:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Ballistic Missile Defense Command and Control, Battle Management and Communications (C2BMC) increased 93% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $551.8M → FY2026 $1.07B (+$515.4M, +93%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/a49212c5&quot;&gt;Receipt: fact a49212c5&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/a37af896&quot;&gt;FY2025: $551.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/7175acc1&quot;&gt;FY2026: $1.07B&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/a49212c5&quot;&gt;change: $515.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/a49212c5"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="551810" display="$551.8M" fact="a37af896bb43b551" href="https://fiscalreceipts.com/fact/a37af896"/>
        <fr:point role="to" label="FY2026" fy="2026" value="1067183" display="$1.07B" fact="7175acc175e205c2" href="https://fiscalreceipts.com/fact/7175acc1"/>
        <fr:point role="delta" label="change" fy="2026" value="515373" display="$515.4M" fact="a49212c5260c7fea" href="https://fiscalreceipts.com/fact/a49212c5"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Ballistic Missile Defense Test increased 85% FY25→26 — FY2025 $351.9M → FY2026 $650.1M (+$298.2M, +85%)</title>
      <link>https://fiscalreceipts.com/program/0603914C/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0603914C/MDA:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Ballistic Missile Defense Test increased 85% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $351.9M → FY2026 $650.1M (+$298.2M, +85%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/d1e18101&quot;&gt;Receipt: fact d1e18101&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e940de80&quot;&gt;FY2025: $351.9M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/f0aef33d&quot;&gt;FY2026: $650.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/d1e18101&quot;&gt;change: $298.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/d1e18101"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="351866" display="$351.9M" fact="e940de80a1f2f2c9" href="https://fiscalreceipts.com/fact/e940de80"/>
        <fr:point role="to" label="FY2026" fy="2026" value="650079" display="$650.1M" fact="f0aef33def0cd08d" href="https://fiscalreceipts.com/fact/f0aef33d"/>
        <fr:point role="delta" label="change" fy="2026" value="298213" display="$298.2M" fact="d1e1810150a29532" href="https://fiscalreceipts.com/fact/d1e18101"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Small and Medium Unmanned Undersea Vehicles increased 168% FY25→26 — FY2025 $53.0M → FY2026 $142.0M (+$89.0M, +168%)</title>
      <link>https://fiscalreceipts.com/program/0604028N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0604028N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Small and Medium Unmanned Undersea Vehicles increased 168% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $53.0M → FY2026 $142.0M (+$89.0M, +168%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/bba5a880&quot;&gt;Receipt: fact bba5a880&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/407a6ed1&quot;&gt;FY2025: $53.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9cd03a7b&quot;&gt;FY2026: $142.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/bba5a880&quot;&gt;change: $89.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/bba5a880"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="52994" display="$53.0M" fact="407a6ed1f1a0139c" href="https://fiscalreceipts.com/fact/407a6ed1"/>
        <fr:point role="to" label="FY2026" fy="2026" value="142007" display="$142.0M" fact="9cd03a7b181057ae" href="https://fiscalreceipts.com/fact/9cd03a7b"/>
        <fr:point role="delta" label="change" fy="2026" value="89013" display="$89.0M" fact="bba5a880f5d0a962" href="https://fiscalreceipts.com/fact/bba5a880"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Unmanned Undersea Vehicle Core Technologies decreased 59% FY25→26 — FY2025 $114.2M → FY2026 $47.1M (−$67.0M, −59%)</title>
      <link>https://fiscalreceipts.com/program/0604029N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0604029N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Unmanned Undersea Vehicle Core Technologies decreased 59% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $114.2M → FY2026 $47.1M (−$67.0M, −59%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/0113282d&quot;&gt;Receipt: fact 0113282d&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/f71c8989&quot;&gt;FY2025: $114.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/2bccea65&quot;&gt;FY2026: $47.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/0113282d&quot;&gt;change: -$67.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/0113282d"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="114152" display="$114.2M" fact="f71c898998541d64" href="https://fiscalreceipts.com/fact/f71c8989"/>
        <fr:point role="to" label="FY2026" fy="2026" value="47106" display="$47.1M" fact="2bccea65966c1b15" href="https://fiscalreceipts.com/fact/2bccea65"/>
        <fr:point role="delta" label="change" fy="2026" value="-67046" display="-$67.0M" fact="0113282d75b4d59f" href="https://fiscalreceipts.com/fact/0113282d"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Hypersonics Prototyping - Hypersonic Attack Cruise Missile (HACM) increased 72% FY25→26 — FY2025 $466.7M → FY2026 $802.8M (+$336.1M, +72%)</title>
      <link>https://fiscalreceipts.com/program/0604183F/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0604183F/F:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Hypersonics Prototyping - Hypersonic Attack Cruise Missile (HACM) increased 72% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $466.7M → FY2026 $802.8M (+$336.1M, +72%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/fb3e942f&quot;&gt;Receipt: fact fb3e942f&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b5aa7c93&quot;&gt;FY2025: $466.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/c345f863&quot;&gt;FY2026: $802.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/fb3e942f&quot;&gt;change: $336.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/fb3e942f"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="466729" display="$466.7M" fact="b5aa7c937700cc7b" href="https://fiscalreceipts.com/fact/b5aa7c93"/>
        <fr:point role="to" label="FY2026" fy="2026" value="802810" display="$802.8M" fact="c345f863fbe37455" href="https://fiscalreceipts.com/fact/c345f863"/>
        <fr:point role="delta" label="change" fy="2026" value="336081" display="$336.1M" fact="fb3e942f274d398f" href="https://fiscalreceipts.com/fact/fb3e942f"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Next Generation Fighter decreased 84% FY25→26 — FY2025 $453.8M → FY2026 $74.3M (−$379.5M, −84%)</title>
      <link>https://fiscalreceipts.com/program/0605285N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0605285N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Next Generation Fighter decreased 84% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $453.8M → FY2026 $74.3M (−$379.5M, −84%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/101fe3db&quot;&gt;Receipt: fact 101fe3db&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/10af01ed&quot;&gt;FY2025: $453.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/c8cd36eb&quot;&gt;FY2026: $74.3M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/101fe3db&quot;&gt;change: -$379.5M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/101fe3db"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="453828" display="$453.8M" fact="10af01ed1291b641" href="https://fiscalreceipts.com/fact/10af01ed"/>
        <fr:point role="to" label="FY2026" fy="2026" value="74320" display="$74.3M" fact="c8cd36ebfc91d422" href="https://fiscalreceipts.com/fact/c8cd36eb"/>
        <fr:point role="delta" label="change" fy="2026" value="-379508" display="-$379.5M" fact="101fe3db91c53aed" href="https://fiscalreceipts.com/fact/101fe3db"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Army Integrated Air and Missile Defense (AIAMD) decreased 75% FY25→26 — FY2025 $587.1M → FY2026 $146.1M (−$441.0M, −75%)</title>
      <link>https://fiscalreceipts.com/program/0605457A/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0605457A/A:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Army Integrated Air and Missile Defense (AIAMD) decreased 75% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $587.1M → FY2026 $146.1M (−$441.0M, −75%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/1581d7b8&quot;&gt;Receipt: fact 1581d7b8&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9a8cfa0c&quot;&gt;FY2025: $587.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/b0f8fb73&quot;&gt;FY2026: $146.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/1581d7b8&quot;&gt;change: -$441.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/1581d7b8"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="587068" display="$587.1M" fact="9a8cfa0c5cab4102" href="https://fiscalreceipts.com/fact/9a8cfa0c"/>
        <fr:point role="to" label="FY2026" fy="2026" value="146056" display="$146.1M" fact="b0f8fb7373f450bd" href="https://fiscalreceipts.com/fact/b0f8fb73"/>
        <fr:point role="delta" label="change" fy="2026" value="-441012" display="-$441.0M" fact="1581d7b8de6fb050" href="https://fiscalreceipts.com/fact/1581d7b8"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>MEDIUM UNMANNED SURFACE VEHICLES (MUSVs)) decreased 61% FY25→26 — FY2025 $101.8M → FY2026 $39.4M (−$62.4M, −61%)</title>
      <link>https://fiscalreceipts.com/program/0605512N/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:0605512N/N:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;MEDIUM UNMANNED SURFACE VEHICLES (MUSVs)) decreased 61% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $101.8M → FY2026 $39.4M (−$62.4M, −61%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/22b01ef2&quot;&gt;Receipt: fact 22b01ef2&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e6f337ec&quot;&gt;FY2025: $101.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/12e115e2&quot;&gt;FY2026: $39.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/22b01ef2&quot;&gt;change: -$62.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/22b01ef2"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="101838" display="$101.8M" fact="e6f337ec27cd1fb6" href="https://fiscalreceipts.com/fact/e6f337ec"/>
        <fr:point role="to" label="FY2026" fy="2026" value="39426" display="$39.4M" fact="12e115e286789dec" href="https://fiscalreceipts.com/fact/12e115e2"/>
        <fr:point role="delta" label="change" fy="2026" value="-62412" display="-$62.4M" fact="22b01ef280225c8a" href="https://fiscalreceipts.com/fact/22b01ef2"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>Narrowband Satellite Communications increased 109% FY25→26 — FY2025 $201.7M → FY2026 $421.8M (+$220.2M, +109%)</title>
      <link>https://fiscalreceipts.com/program/1203109SF/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:yoy_swing:1203109SF/F:2026:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>yoy_swing</category>
      <description>&lt;p&gt;Narrowband Satellite Communications increased 109% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $201.7M → FY2026 $421.8M (+$220.2M, +109%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/d95a0b0a&quot;&gt;Receipt: fact d95a0b0a&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/a4930449&quot;&gt;FY2025: $201.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/77caa929&quot;&gt;FY2026: $421.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/d95a0b0a&quot;&gt;change: $220.2M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/d95a0b0a"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="FY2025" fy="2025" value="201654" display="$201.7M" fact="a49304490739a996" href="https://fiscalreceipts.com/fact/a4930449"/>
        <fr:point role="to" label="FY2026" fy="2026" value="421847" display="$421.8M" fact="77caa92992634c8a" href="https://fiscalreceipts.com/fact/77caa929"/>
        <fr:point role="delta" label="change" fy="2026" value="220193" display="$220.2M" fact="d95a0b0a53eaffa7" href="https://fiscalreceipts.com/fact/d95a0b0a"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
    </item>
    <item>
      <title>ARTILLERY PROJECTILE, 155MM, All Types FY2024 actuals came in $1.8B above the PB2024 request (per the PB2026 book) — PB2024 FY2024 request $150.8M → PB2026 FY2024 actual TOA $1.99B (+$1.84B, +1218%)</title>
      <link>https://fiscalreceipts.com/program/3102E89500/</link>
      <guid isPermaLink="false">urn:fiscalreceipts:feed:request_vs_actuals_gap:3102E89500:2024:2026</guid>
      <pubDate>Thu, 13 Aug 2026 03:58:20 GMT</pubDate>
      <category>request_vs_actuals_gap</category>
      <description>&lt;p&gt;ARTILLERY PROJECTILE, 155MM, All Types FY2024 actuals came in $1.8B above the PB2024 request (per the PB2026 book)&lt;/p&gt;&lt;p&gt;PB2024 FY2024 request $150.8M → PB2026 FY2024 actual TOA $1.99B (+$1.84B, +1218%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to BAE Systems PLC by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/6a108697&quot;&gt;Receipt: fact 6a108697&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/ee2b100b&quot;&gt;PB2024 FY2024 request: $150.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/0f93baa1&quot;&gt;PB2026 FY2024 actual TOA: $1.99B&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/6a108697&quot;&gt;gap: $1.84B&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-request_vs_actuals_gap&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</description>
      <atom:link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/6a108697"/>
      <fr:magnitude kind="pair" units="thousands_usd">
        <fr:point role="from" label="PB2024 FY2024 request" fy="2024" value="150839" display="$150.8M" fact="ee2b100b8fca4283" href="https://fiscalreceipts.com/fact/ee2b100b"/>
        <fr:point role="to" label="PB2026 FY2024 actual TOA" fy="2024" value="1987520" display="$1.99B" fact="0f93baa10fa215f5" href="https://fiscalreceipts.com/fact/0f93baa1"/>
        <fr:point role="delta" label="gap" fy="2024" value="1836681" display="$1.84B" fact="6a1086972d11e89b" href="https://fiscalreceipts.com/fact/6a108697"/>
      </fr:magnitude>
      <fr:linkage entity="BAE Systems PLC">
        <fr:basis id="mention" label="lobbying-filing mention"/>
      </fr:linkage>
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