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Representatives of the British company reported last week it has received the contract to continue production of the AMPV, with additional options for a potential total contract amount of $1.6 billion.

The AMPV replaces the U.S. Army’s fleet of Vietnam War-era M113 family of vehicles.

BAE Systems received a $797 million contract to continue production of the Armored Multi-Purpose Vehicle for the U.S. Army, with additional options for a potential total contract amount of $1.6...

The US Army is replacing its M113 armoured personal carriers with Armoured Multi-Purpose Vehicles produced by BAE Systems.

/PRNewswire/ -- BAE Systems (LSE: BA) received a $797 million contract to continue production of the Armored Multi-Purpose Vehicle (AMPV) for the U.S. Army,...

Home News & events News U.S. Army awards BAE Systems $797 million contract...

The deal could soar to $1.6 billion for an unspecified number of vehicles.

YORK, Pa., Sept. 1, 2023 -- BAE Systems (LSE: BA) received a $797 million contract to continue production of the Armored Multi-Purpose Vehicle (AMPV) for the U.S. Army, with additional options for a potential total contract amount of $1.6 billion.

Shares of BAE Systems plc (OTCMKTS:BAESF – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.89 and traded as high as $12.35. BAE Systems shares last traded at $12.24, with a volume of 3,128 shares changing hands. BAE Systems Price Performance […]

Kepler Capital Markets upgraded shares of BAE Systems (OTCMKTS:BAESY – Free Report) from a hold rating to a buy rating in a research note released on Friday, Briefing.com reports. Several other research firms have also weighed in on BAESY. Barclays raised their price objective on BAE Systems from GBX 1,020 ($13.01) to GBX 1,250 ($15.95) […]