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| Name | Symbol | Market | Type |
|---|---|---|---|
| Bae Systems Plc (PK) | USOTC:BAESY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.72 | -1.10% | 64.76 | 64.68 | 64.83 | 65.48 | 64.60 | 65.43 | 102,635 | 21:04:21 |
From Jul 2022 to Jul 2024
By Chris Wack
BAE Systems Plc said Monday that it has received a $294.7 million contract from the U.S. Navy to drydock and perform more than 20 months of maintenance and modernization work on the amphibious assault ship USS Kearsarge.
The contract includes options that, if exercised, would bring the cumulative value to $340.3 million.
Starting in June, the ship will be drydocked for nearly a year at BAE Systems' Norfolk, Va., shipyard.
The shipyard will perform extensive hull, tank and mechanical work, rehabilitate all crew and Marine living compartments onboard and inspect the ship's boilers. BAE Systems is expected to complete work aboard the 29-year-old ship in January 2025.
To prepare for drydocking the Kearsarge, BAE Systems said it has been hiring employees and temporary workers.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 12, 2022 13:31 ET (18:31 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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