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Stock impact report

U.S. Navy awards BAE Systems $87 million contract to upgrade USS Carter Hall [Yahoo! Finance]

BAE SYSTEMS PLC S/ADR (BAESY) 
NASDAQ:AMEX Investor Relations: investors.baesystems.com
Company Research Source: Yahoo! Finance
Navy for repair work aboard the dock landing ship USS Carter Hall (LSD 50). The contract includes options that, if exercised, would bring the cumulative value to $92 million Under the competitively awarded contract, the USS Carter Hall will undergo a year of restorative work at the company's shipyard in Norfolk, Virginia , which is also the ship's homeport. BAE Systems will begin working aboard the 610-foot-long ship in July 2024 , performing a combination of maintenance and preservation work on the ship's hull, its internal fuel and ballast tanks, and the engineering plant. "Our team looks forward to working with the Navy to perform the substantial sustainment work necessary to ensure the Carter Hall remains a highly capable amphibious combatant ship," said David M. Thomas, Jr. , vice president and general manager of BAE Systems Norfolk Ship Repair. USS Carter Hall recently returned to its homeport following an eight-month overseas deployment. It was commissioned in September 1 Show less Read more
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