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BAE Gains $3.8 Billion MoD Munitions Contract; May Grow To $5.6 Billion

DDN

Friday, August 29th, 2008

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The United Kingdom awarded BAE Systems a munitions contract initially worth about US$3.76 billion, the company announced. Over the next 15 years, the contract may grow to be worth approximately $5.63 billion. That pact will guarantee secure supplies of ammunition to U.K. troops while providing value for money for the taxpayer. The arrangement, known as Munitions Acquisition-the Supply Solution (MASS), is initially for a 15-year period and will supply approximately 80 per cent of the "general munitions" consumed by U.K.…

Congress

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