BAE Systems Reaches Procurement Agreement Worth $760 Million With Sweden, Germany, UK
December 16 2022 - 9:54AM
Dow Jones News
By Anthony O. Goriainoff
BAE Systems PLC said Friday it has reached a procurement
agreement worth $760 million with the U.K., Sweden, and
Germany.
The London-listed defense-and-aerospace group said the agreement
is for the purchase of 436 BvS10 all-terrain vehicles which are
intended to support operations in the Arctic as part of the
Collaborative All-Terrain Vehicle program.
The company said delivery of the vehicles--whose mobility is
based on NATO's terrain accessible standards--will start in 2024,
with Sweden taking in 236 vehicles, Germany 140 and the U.K.
60.
BAE said these vehicles are able to deliver personnel and
supplies which sustain strategic, tactical, and operational
mobility.
"Sweden, Germany, and the United Kingdom will be getting an
excellent return on their investment in these highly capable
vehicles for decades to come. This further demonstrates the strong
relationship between BAE Systems and our customers to deliver these
critical capabilities," the company said.
Shares at 1419 GMT were down 5.40 pence, or 0.6%, at 832
pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
December 16, 2022 09:39 ET (14:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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