BAESF - BAE Systems secures $71.9M U.S. Navy contract
- BAE Systems's ( OTCPK:BAESY ) Land & Armaments L.P., Minneapolis is awarded a $71,909,045 definite-quantity, fixed-price incentive, firm-fixed-price, fixed-price economic price adjustment contract for the manufacture and delivery of five Columbia-class submarine components.
- Work will be performed in Louisville, Kentucky and is expected to be completed by May 2030.
- Fiscal 2023 National Sea-Based Deterrence Fund funds in the amount of $7.08M will be obligated at time of award, of which none will expire at the end of the current fiscal year.
- The Naval Surface Warfare Center Carderock Division, Bethesda, Maryland, is the contracting activity
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BAE Systems secures $71.9M U.S. Navy contract