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May 27, 2014
09:44 EDTBAESYBAE Systems awarded $28M contract from U.K. Ministry of Defense
The U.K. Ministry of Defence awarded BAE Systems a $28M contract for the third-generation configuration of its Common Missile Warning System. This contract, which represents the first direct commercial sale of BAE Systemsí Gen3 CMWS technology, will enable the U.K. military to provide its aircrews with the latest CMWS survivability equipment.
News For BAESY From The Last 14 Days
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March 23, 2015
17:32 EDTBAESYBAE Systems awarded $383.03M government contract
BAE Systems has been awarded a maximum $383.03M firm-fixed-price, requirements-type contract for support of multiple weapon systems platforms. Estimated value cited is based on demand quantities for the life of the contract. This contract was a sole-source acquisition. This is a five-year base contract with one five-year option period. Location of performance is Indiana, with a March 19, 2020, performance completion date.
March 12, 2015
05:55 EDTBAESYBAE Systems awarded GBP257M for final phase of submarine design
BAE Systems has been awarded additional funding of GBP257M to cover the final phase of work to design a successor to the Royal Navy's Vanguard class submarines. The contract will sustain the jobs of more than 1,400 employees working at BAE Systems on a program that has already engaged with more than 240 suppliers. This follows previous contracts awarded to BAE Systems in 2012 valued at GBP328M and GBP315M to commence initial design. The contracts fund the next stage of design work for the new class of submarines, designed to carry the UK's independent nuclear deterrent. The program recently passed a major design review and is now more than halfway through its five-year Assessment Phase. Approximately 6,500 people are employed at BAE Systems' site in Barrow, where the company is also building the Astute class - seven state-of-the-art nuclear-powered attack submarines for the Royal Navy. Last year, the company created 900 skilled jobs and recruitment is set to continue throughout 2015.

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