BAE Systems Awarded Contract For APKWS Laser-guided Rockets
ARLINGTON (dpa-AFX) - BAE Systems (BA.L) announced the U.
S. Navy has awarded the company a contract worth as much as $600 million to fulfill the growing demand for Advanced Precision Kill Weapon System, or APKWS, laser-guided rockets. The three-year, indefinite delivery / indefinite quantity contract has an initial award of more than $130 million.
The company expects it will be able to ramp up production to 20,000 APKWS guidance units per year with potential for additional growth.
Copyright RTT News/dpa-AFX
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