The U.S. Navy has awarded BAE Systems (BAESY) a new five-year, indefinite delivery, indefinite quantity contract for APKWS laser-guidance kits to equip U.S. armed forces with tens of thousands of additional low-cost precision munitions, the company announced. The contract has a maximum value of $1.7B, with an initial $322M order, BAE reported.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAESY:
- BAE Systems awarded $36M contract from Lockheed Martin
- BAE Systems awarded $198.42M Army contract modification
- BAE Systems names Anjali Chaturvedi chief ethics officer
- BAE Systems awarded $184.4M Navy contract modification
- Trump Weekly: White House postpones healthcare proposal after backlash