Can't really get that excited about it.
Let's be honest there's "many a slip between cup and lip" when dealing with the FRES programme. I have this faint recollection of being here a couple of years ago with FRES UV.
The NAO report described DE&S performance of this programme as "woeful" and they normally use moderate language for the best of cock ups.
There is no urgency to bring this to contract, LPPV is the priority, appoint a Prime Contract Office to run this and it might just go somewhere. I can imagine there are some in BAE saying "phew, thank god we didn't win that millstone".
Did anybody notice the BAE share price went up further than the GD share price on the announcement?