BAE Systems Gets Army Pact For Parachutes
PHOENIX (AP) — A division of BAE Systems received a contract from the Army to phase out and upgrade to new personnel parachutes as part of a $220 million program.
Terms of the deal were not disclosed. BAE is one of three companies who will produce the T-11 parachutes, which will replace the existing T-10 parachutes. The five year deal allows for future orders based on performance, according to BAE. Once production begins, BAE expects to make more than 60 T-11 parachutes per week at its Phoenix production facility.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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