24 Dec '14, 8pm

BAE Wins $1.2B Contract to Build M113 Replacement

BAE Wins $1.2B Contract to Build M113 Replacement

BAE Wins $1.2B Contract to Build M113 Replacement By Brendan McGarry Wednesday, December 24th, 2014 3:58 pm Posted in Land The U.S. subsidiary of British defense contractor BAE Systems Plc won a potential $1.2 billion contract from the Army to build a replacement to the Vietnam-era M113 armored personnel carrier. The initial phase of the agreement is valued at $382 million over four years to build 29 prototypes of the so-called Armored Multi-Purpose Vehicle, or AMPV, under engineering and manufacturing development, according to a Dec. 23 announcement from the service. Once the vehicles are tested “to ensure they are effective,” the company would be eligible for an option to build another 289 production models under low-rate initial production for a total contract value of $1.2 billion, according to the document. “Today’s announcement sets in motion a long-awaited and impor...

Full article: http://www.dodbuzz.com/2014/12/24/bae-wins-1-2b-contract-...

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