U.S. Army awards BAE Systems $754 million contract for second phase of full-rate production for Armored Multi-Purpose Vehicle program [Yahoo! Finance]
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: Yahoo! Finance
Army. This contract begins the second phase of full-rate production of AMPVs between March 2026 and February 2027 The multi-mission ready AMPV FoV replaces vehicles from the Army's Vietnam War-era M113 family, modernizing the force and providing critical survivability, mobility, and interoperability upgrades to the Armored Brigade Combat Team (ABCT). "It's crucial that we continue to replace the M113s, and that we do it at a pace that ensures Soldiers are unmatched on the modern battlefield. We are fully committed to continue our swift work with the Army to produce high-quality AMPVs at an increased and sustained rate for Soldiers," said Bill Sheehy , BAE Systems AMPV program director. "This next phase for AMPV furthers our joint efforts to equip the ABCT with a combat platform that helps them successfully achieve missions they'll encounter today and decades from now, in addition to having a highly capable vehicle that can maneuver with the fleet in the toughest terrains out there
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