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BA. Bae Systems Plc

1,374.00
34.00 (2.54%)
Last Updated: 12:18:23
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
  34.00 2.54% 1,374.00 1,374.00 1,374.50 1,378.00 1,345.00 1,347.00 2,787,328 12:18:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft 23.23B 1.86B 0.6133 22.41 41.62B

U.S. Navy Awards BAE Systems $146.3 Million Contract to Modernize USS Gettysburg

23/08/2018 6:00pm

Business Wire


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BAE Systems was awarded a $146.3 million contract from the U.S. Navy to modernize the guided-missile cruiser USS Gettysburg (CG 64). The Gettysburg will undergo about 15 months of work at the company’s shipyard in Norfolk, Virginia, the ship’s homeport. The contract includes options that, if exercised, would bring the cumulative value to $151.3 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180823005598/en/

BAE Systems will modernize the guided-missile cruiser USS Gettysburg under a recent contract from the U.S. Navy. (Photo: BAE Systems)

Starting in January 2019, the Gettysburg will undergo extensive repair and upgrade work that will return the ship to full capability after nearly four years of inactive status under the Navy’s cruiser modernization program. BAE Systems’ Norfolk shipyard performed the initial modernization work on board the ship in 2016, including the removal of obsolete equipment and replacement of critical aluminum shipboard structures.

“We brought a lot of expertise to bear for a good start to the Gettysburg’s modernization two years ago,” said Dave Thomas, vice president and general manager of BAE Systems Norfolk Ship Repair. “Working again with the Navy and our ship repair partners, we will return the Gettysburg back to the fleet in enhanced shape with clear improvements to its operational capability and better habitability for the crew.”

Under the new contract, BAE Systems will upgrade the ship’s weapons and engineering equipment; support the installation of a new Aegis combat system, new communications suite and the Consolidated Afloat Network Enterprise Systems (CANES); and renovate the crew’s living spaces aboard the 27-year-old ship. The work is scheduled to be complete in March 2020. BAE Systems’ work is expected to extend the service life of the Gettysburg to 2035.

BAE Systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the Navy, other government agencies, and select commercial customers. The company operates four full-service shipyards in California, Florida, Hawaii, and Virginia, and offers a highly skilled, experienced workforce, eight dry docks/marine railways, and significant pier space and ship support services.

BAE SystemsKarl Johnson, 757-375-5086karl.d.johnson@baesystems.comwww.baesystems.com/US@BAESystemsInc

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