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
  -3.40p -0.61% 555.20p 555.00p 555.20p 562.40p 554.60p 559.00p 943,191 09:51:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 16,821.0 1,224.0 31.3 17.7 17,788

BAE: U.S. Marine Corps Awards Contract Modification to Develop Amphibious Vehicles

25/06/2019 8:33pm

Dow Jones News


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   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.

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