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Stock impact report

BAE Systems receives $318 million services contract for M109 Self-Propelled Howitzers [Yahoo! Finance]

BAE SYSTEMS PLC S/ADR (BAESY) 
NASDAQ:AMEX Investor Relations: investors.baesystems.com
Company Research Source: Yahoo! Finance
Army to perform technical and sustainment support services for its fleet of M109A6 and A7 Self-Propelled Howitzers (SPH) and their companion, M992A3 carrier, ammunition, tracked (CAT) vehicles. Under the five-year System Technical Support and Sustainment System Technical Support contract, BAE Systems will deliver ongoing engineering and logistics services to provide new capabilities, maintenance, and testing on the family of vehicles. "The M109 Self-Propelled Howitzer continues to prove itself as the 'King of Battle' as it provides the firepower and maneuverability to dominate the battlefield," said Dan Furber , director of ground vehicle production for BAE Systems' Combat Mission Systems business. "Sustainment services for the M109 allow the U.S. Army to maintain a high level of operational readiness to take this powerful capability to the fight." The services contract follows the M109A7 production contract awarded in November 2023 . The M109A7 is the latest howitzer in the M10 Show less Read more
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