BAE Systems awarded $40M Navy contract BAE Systems received a $40M contract from the U.S. Navy to produce canisters used to store, transport and launch a wide range of missiles. The contract has the potential for additional annual contract awards. If all options are exercised, the total value could exceed $400M. The contractís period of performance is 2013 through 2019 if all options are exercised.
News For BAESY From The Last 14 Days
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BAE Systems approved for sale of F-16 upgrades to South Korea, Reuters reports The Defense Department approved a deal under which the U.S. unit of Britain's BAE Systems (BAESY) would upgrade 134 older F-16 fighter jets for South Korea, reports Reuters. The move increases pressure on the original maker of the F-16s, Lockheed Martin (LMT), to compete more aggressively on pricing in the hunt for deals to upgrade what are the most widely installed fighter jets in the world.Reference Link