BAE Systems Wins $3.2B Contract for British Munitions
BAE Systems was awarded a $3.2 billion munitions contract for Britain’s Next Generation Munitions Solution program, the defense ministry announced Monday. The British-based company will manufacture 39 different munitions for the Royal Navy, Army, Royal Air Force and Strategic Command for front-line use, including small arms ammunition, mortars, medium-caliber gun rounds and large-caliber artillery and tank shells.
The 15-year contract calls for manufacturing improvements in five BAE facilities in Britain, and is part of a $22 billion, four-year increase in British defense spending announced on Nov. 19.
“This vital multi-billion-pound contract will provide our service men and women with fire power on the front line for years to come whilst investing in British industry, British jobs and British infrastructure,” Defense Minister Jeremy Quin said in a press release….MORE