BAE Systems awarded $600M multi-service contract for laser-guided rockets
The U.S. Navy has awarded BAE Systems a contract worth as much as $600 million to fulfill the growing demand for Advanced Precision Kill Weapon System laser-guided rockets. With an initial award of more than $130 million, the three-year, indefinite delivery / indefinite quantity contract will help speed the delivery of these precision guidance rockets to meet the needs of the U.S. Navy, U.S. Marine Corps, U.S. Army, and U.S. Air Force, as well as a growing number of allied nations. To meet this growing demand, BAE Systems has invested in a new facility in New Hampshire that is optimized for precision guidance solutions and designed to meet a significant increase in production. The company expects it will be able to ramp up production to 20,000 APKWS guidance units per year with potential for additional growth.