BAE Systems Secures Multi-Year Framework Agreement with Department of War
What happened
BAE Systems secured a multi-year framework agreement with the Department of War to procure Advanced Precision Kill Weapon System guidance sections. The agreement allows the Department of War to purchase up to 25,000 guidance sections each year for up to seven years. There is also a provision for the supply to increase to 35,000 sections for allies.
From newsroomamerica.com
Why it matters
The contract represents a significant defense procurement agreement for BAE Systems. The deal involves the supply of guidance sections for military systems, supporting the defense industry.
From newsroomamerica.com
Who's involved
- BAE SystemsSecured the multi-year framework agreement for guidance sections.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BAE SystemsSpeculative
BAE Systems could see increased revenue from the multi-year contract award for guidance sections.
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The entities involved
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BAE Systems
defense, security and aerospace company
Related events
- Dakota Meyer was selected as senior advisor to Secretary Hegseth, and BAE Systems signed a framework agreement for APKWS guidance kits.
- BAE Systems has developed a system that meets the required NATO interoperability standard.
- BAE Systems presented new air-defense systems at a meeting and spoke to Military Times about the technology.
- BAE Systems is delivering CATVs as part of ongoing military modernization efforts for U.S. military units.
- BAE Systems was identified as a principal contractor for a sale in January 2023.