BAE Systems Will Provide Engineering And Technical Services In Support Of The Design, Manufacturing, Installation, Testing And Product Improvements For The U.S. Navy's Mk 41 Vertical Launching System. (Photo: BAE Systems)

BAE Systems has received a $91.4 million contract from the U.S. Navy to provide engineering and technical services in support of the design, manufacturing, installation, testing and product improvements for the Mk 41 Vertical Launching System (VLS).
BAE Systems will provide engineering and technical services in support of the design, manufacturing, ...

BAE Systems will provide engineering and technical services in support of the design, manufacturing, installation, testing and product improvements for the U.S. Navy's Mk 41 Vertical Launching System. (Photo: BAE Systems)

"This contract and our long history on this program demonstrates our sought after expertise in developing superior products for our sailors and is a testament to the overall effectiveness of the Mk 41 Vertical Launching System," said Chris Hughes, vice president and general manager of Weapon Systems at BAE Systems.

BAE Systems’ engineers will develop technical solutions for new canister and missile integration as well as launcher improvements to meet emerging threats to the U.S. Navy fleet. The contract also includes work on the design of canister and launcher mechanical efforts, as well as continued work for the support of the Aegis Ballistic Missile Defense Program, development of the Mk 29 canister and Aegis Ashore systems.

As the Navy's Mk 41 VLS Mechanical Design Agent, BAE Systems has more than 30 years of experience in the development, production and support of this system for naval forces throughout the world. The Mk 41 VLS is a highly survivable system located below a naval ship’s armored deck and is adaptable to accommodate the latest weapon types to meet new mission requirements.

The contract provides an overall financial ceiling and will be incrementally funded with approximately $6.3 million being funded with the initial award. The work will continue through December 2016 and will be performed at BAE Systems’ Minneapolis, Minnesota facility.

Copyright Business Wire 2010

If you liked this article you might like

24 Stocks Hedge Funds Are Loving Right Now

24 Stocks Hedge Funds Are Loving Right Now

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Will Boeing Ever Come In for a Landing?

Will Boeing Ever Come In for a Landing?

General Electric Is One Mega-Cap Stock You Must Still Avoid

General Electric Is One Mega-Cap Stock You Must Still Avoid

Dow Jumps Over 300 Points, Posting Its Fifth Straight Day of Gains

Dow Jumps Over 300 Points, Posting Its Fifth Straight Day of Gains