BAE Systems Receives $40 Million Contract for Naval Canister Production

  BAE Systems Receives $40 Million Contract for Naval Canister Production

Business Wire

MINNEAPOLIS -- July 2, 2013

BAE Systems received a $40 million contract from the U.S. Navy to produce
canisters used to store, transport and launch a wide range of missiles. The
contract has the potential for additional annual contract awards. If all
options are exercised, the total value could exceed $400 million.

BAE Systems will produce canisters for the U.S. Navy that are used to store,
transport and launch a ...

BAE Systems will produce canisters for the U.S. Navy that are used to store,
transport and launch a wide range of missiles. (Photo: BAE Systems)

“BAE Systems has a long-standing canister production franchise built on
delivering world-class canisters to the U.S. Navy, helping our Sailors
accomplish their missions more safely and effectively,” said Chris Hughes,
vice president and general manager of Weapon Systems at BAE Systems. “We look
forward to supporting the Navy and our Sailors for many years to come.”

The contract includes the production of four different canisters, each of
which is designed to complement a specific missile system. These include Mk 14
canisters for tomahawk missiles, Mk 21 Mod 2 canisters for SM-3 missiles, Mk
21 Mod 3 canisters for SM-6 missiles, and Mk 25 canisters for ESSM missiles.

The canisters are used as a launch platform and as shipping and storage
containers for specific missiles. The U.S. Navy uses them in both the Mk 41
and Mk 57 Vertical Launching Systems (VLS), which are also produced by BAE
Systems. The Mk 41 and Mk 57 VLS are below deck missile launchers capable of
launching missiles at multiple naval warfare threats including anti-air,
anti-submarine, ship self-defense, land attack and ballistic missile defense
missions.

The contract’s period of performance is 2013 through 2019 if all options are
exercised. The majority of the work will be performed at the company’s
Aberdeen, South Dakota facility.

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Contact:

BAE Systems
Stephanie Bissell Serkhoshian
Tel: 1-703-907-8244
Mobile: 1-703-785-7891
stephanie.serkhoshian@baesystems.com
www.baesystems.com/US