BAE Systems Team Wins U.S. Marine Corps’ Amphibious Combat Vehicle Competition
June 19 2018 - 6:58PM
Business Wire
The U.S. Marine Corps has awarded BAE Systems a $198 million
contract to deliver an initial 30 Amphibious Combat Vehicles (ACV),
with options for a total of 204 vehicles which could be worth up to
$1.2 billion. BAE Systems, along with teammate Iveco Defence
Vehicles, prevailed in the Marine Corps’ robust competition for the
next generation of vehicles to get the Marines from ship to shore
to engage in land combat operations.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180619006486/en/
BAE Systems’ ACV will provide the U.S.
Marine Corps with a best-in-class vehicle to support its mission
through mobility, survivability and lethality. (Photo: BAE
Systems)
“We are well positioned and ready to build the future of
amphibious fighting vehicles for the Marine Corps, having already
produced 16 prototypes,” said Dean Medland, vice president and
general manager of Combat Vehicles Amphibious and International at
BAE Systems. “Through this award, we are proud to continue our
partnership with the Marine Corps by providing a best-in-class
vehicle to support its mission through mobility, survivability and
lethality.”
The ACV provides exceptional mobility in all terrains, and blast
mitigation protection for all three crew and 13 embarked Marines,
along with other improvements over currently fielded systems. The
new vehicle is an advanced 8x8 open ocean-capable vehicle that is
equipped with a new 6-cylinder, 700HP engine, which provides a
significant power increase over the Assault Amphibious Vehicle,
which is currently in service and has been in operation for
decades. The ACV is also adaptable to accommodate growth for future
technologies or requirements.
The BAE Systems team conducted its own extensive risk mitigation
testing and evaluation for land mobility, survivability, and swim
capabilities that proved its vehicle’s performance prior to
delivering the first 16 prototypes to the Marine Corps in 2017.
Over the past 15 months, the company supported the Marine Corps’
rigorous Developmental Testing and Operational Assessment of the
vehicles, which performed superbly in water and land operations,
payload, and survivability.
Work on the program will be performed at the company’s
facilities in Aiken, South Carolina; Sterling Heights, Michigan;
Minneapolis; Stafford; San Jose, California; and York,
Pennsylvania.
The Marine Corps’ selection of BAE Systems for the ACV 1.1
program further solidifies the company’s 70-year legacy of
providing superior amphibious vehicle capabilities to meet
ship-to-objective and combat tactical lift objectives. As a leading
provider of combat vehicles, the company has produced more than
100,000 systems for customers worldwide. Iveco is also a proven
manufacturer of combat vehicles, having designed and built more
than 30,000 multi-purpose, protected, and armored military vehicles
in service today.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180619006486/en/
BAE SystemsMegan MitchellTel: +1 586-795-7890Mobile: +1
571-329-0349megan.mitchell@baesystems.com
Bae Systems (LSE:BA.)
Historical Stock Chart
From Apr 2024 to May 2024
Bae Systems (LSE:BA.)
Historical Stock Chart
From May 2023 to May 2024