BAE Wins $1.2B Contract to Build M113 Replacement
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 important modernization effort for the Army,” Brig. Gen. David Bassett, the Army’s program executive officer for Ground Combat Systems, said in the statement. “The AMPV family of vehicles will fill critical force protection, survivability and mobility capability gaps inherent in today’s Armored Brigade Combat Teams.”
http://www.dodbuzz.com/2014/12/24/bae-wins-1-2b-contract-to-build-m113-replacement/
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