BAE Systems secures U.S. Army and Navy contracts totaling $667M
BAE Systems awarded $579.31M contract for M109A7 and M992A3 vehicles and fielding kits. Estimated completion date Jan. 31, 2029.
Matt Cardy/Getty Images News BAE Systems (OTCPK:BAESY) Land and Armaments awarded a $579.31M cost-no-fee contract for M109A7 and M992A3 vehicles and fielding kits. Bids were solicited via the internet with one received. Work has an estimated completion date of Jan. 31, 2029. Fiscal 2023 and 2024 weapons and tracked combat vehicle procurement, Army funds in the amount of $265.81M were obligated at the time of the award. Army Contracting Command is the contracting activity BAE Systems (OTCPK:BAESY) Technology Solutions and Services was also awarded an ~$88M contract for the Naval Air Warfare Aircraft Division (NAWCAD) Webster Outlying Field CI&IDS Division.
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