BAE Systems Secures $167.5 Million Contract Modification to Support MK 41 System
BAE Systems (BAESY) announced on Friday a significant modification of an existing contract with the U.S. Navy, valued at $167.5 million for continued support of the MK 41 Vertical Launching System. The Land & Armaments division will provide mechanical design agent services under this agreement. The modified contract includes potential options that could increase its total value beyond the initial amount. This win reinforces BAE Systems' role in maintaining and supporting critical naval defense systems, which is a key part of their portfolio with U.S. military clients.
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Topics: defense government_contracts