BAE: U.S. Marine Corps Awards Contract Modification to Develop Amphibious Vehicles
26 June 2019 - 5:33AM
Dow Jones News
By Stephen Nakrosis
BAE Systems PLC (BAESY) on Tuesday said it, along with teammate
Iveco Defence Vehicles, received a $67 million modification from
the U.S. Marine Corps to develop variants of the Amphibious Combat
Vehicle.
The Amphibious Combat Vehicle, or ACV, program aims to find new
vehicles to replace the Marine Corp's older Assault Amphibious
Vehicle.
Under the terms of the deal, BAE will design and develop a
command variant of the vehicle, the ACV-C, and a variant armed with
a 30mm medium caliber cannon, the ACV-30.
"The ACV has proven to be a versatile platform capable of
numerous configurations to meet current and future mission
requirements," said John Swift, director of amphibious programs at
BAE Systems. "With this award, BAE Systems will be able to develop
a family of vehicles that will deliver the technology and
capability the Marines require to accomplish their mission in
support of our national security."
BAE said work on the contract will be carried out in Stafford,
Virginia; San Jose, California; Sterling Heights, Michigan; Aiken,
South Carolina; and York, Pennsylvania.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 25, 2019 15:18 ET (19:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Bae Systems (LSE:BA.)
Historical Stock Chart
From Apr 2024 to May 2024
Bae Systems (LSE:BA.)
Historical Stock Chart
From May 2023 to May 2024