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BA. Bae Systems Plc

1,340.00
20.00 (1.52%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bae Systems Plc LSE:BA. London Ordinary Share GB0002634946 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 1.52% 1,340.00 1,344.00 1,345.00 1,345.50 1,307.00 1,323.50 6,811,306 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft 23.23B 1.86B 0.6133 21.91 40.69B

BAE Systems to Provide Upgraded Self-Propelled Howitzers to Brazilian Army

19/09/2016 3:00pm

Business Wire


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BAE Systems has been awarded a $54 million contract to provide 32 upgraded M109A5+ self-propelled howitzers to the Brazilian Army. This upgrade will significantly enhance the Army’s artillery capabilities and build upon the company’s strong customer relationships in Brazil.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160919005268/en/

BAE Systems will provide 32 upgraded M109A5+ self-propelled howitzers to the Brazilian Army under a new U.S. Foreign Military Sales contract. (Photo: BAE Systems)

“This contract is a great example of the strong relationship developed with the Army over many years and our close cooperation with the Brazilian military,” said Dean Medland, vice president of Programs at BAE Systems’ Combat Vehicles business. “We look forward to continuing to support Brazil’s objectives of transferring technological know-how, participation, and the development of local industry, as well as the adaptation of solutions to Brazilian requirements.”

Under the terms of the Foreign Military Sales contract, BAE Systems will overhaul and upgrade 32 self-propelled howitzers to the M109A5+ configuration. The vehicles will include items specifically tailored to the Brazilian Army’s requirements. In addition, the company will provide spares and training as well as live fire support and field service support following delivery.

The M109A5+ provides an increase in capabilities by digitizing the fire mission sequence. The addition of the position and navigation system, commander’s display unit, digital capable radios, weapons control system, and remotely actuated travel lock improve the time from receipt of mission to the firing of the mission by more than 80 percent over previous variants.

Work on the contract will take place at BAE Systems’ Anniston, Alabama and York, Pennsylvania facilities. Production is anticipated to begin in October with vehicle deliveries beginning in 2018. Final deliveries and the beginning of training and support in Brazil are expected to take place by the end of 2018.

“BAE Systems has been working with the Brazilian Army at their Parque 5 facility in Curitiba, Brazil for four years on the Army’s upgrade of its M113B vehicles to the M113A2 Mk1 configuration,” said Marco Caffe, General Manager Brazil. “Through this relationship, the company has delivered over 150 upgraded vehicles and is now working on the second round of upgrading 236 additional M113B vehicles.”

BAE SystemsMegan MitchellTel: +1 586-795-7890Mobile: +1 571-329-0349megan.mitchell@baesystems.comwww.baesystems.com

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