BAE Systems secures $538 mln U.S. Army contract for Bradley vehicles, spares

Tue. July 08, 2008; Posted: 10:13 AM

LONDON, Jul 08, 2008 (Thomson Financial via COMTEX) -- BAESF | Quote | Chart | News | PowerRating -- BAE Systems said it has secured a $538 million U.S. Army contract to remanufacture Bradley vehicles and provide spare parts, with options for additional vehicle remanufacturing and spares.

If all options are exercised, the contract could be worth a total of $1.3 billion, the company added.

Under the initial contract, BAE Systems will remanufacture 160 M2A3 vehicles, 60 M3A3 vehicles and 32 M3A3 Bradley Fire Support Team Vehicles in conjunction with the Red River Army Depot through a public private partnership.

Work under the contract will begin immediately, with deliveries ending in June 2010. tf.TFN-Europe_newsdesk@thomsonreuters.com slm

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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