BAE wins $146.7m five-year deal with US Navy
Defence group BAE Systems has won a five-year contract with the US Navy’s Naval Air Systems Command (NAVAIR) worth $146.7m (£97.5m).
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Under the deal, whose initial award is valued at $28.4m, BAE will provide full life-cycle engineering and technical support for communication and combat systems on land and at sea.
“For 30 years our seasoned team has ensured that platforms, sensors, communications, and weapons systems aboard US Navy ships are integrated and optimized for mission success,” said DeEtte Gray, president of BAE Systems’ intelligence & security sector.
“In addition to aiding in mission readiness, BAE Systems’ life-cycle services directly support NAVAIR’s strategic cost-reduction initiatives.”
The new five-year contract will also see BAE integrate computers, communication and systems on board US Navy surface combatants in the United States and abroad.
BAE shares were down 1.64% to 510.50p at 15:56 on Monday.