8/102 sources · 2 publishersUpdated Nov 12, 15:09 UTC
BAE Systems wins $138 million U.S. Navy contract for Virginia‑class submarine propulsors
The U.S. Navy awarded BAE Systems a contract worth $138 million to produce propulsors for its Virginia‑class submarines. The agreement includes production, engineering and support services and runs through 2032, extending BAE’s existing role in the program.
Why it matters
The contract adds $138 million of new work to BAE’s defense backlog and provides revenue through 2032, strengthening its position in the U.S. submarine market.
Key facts
- 1The U.S. Navy awarded BAE Systems a contract valued at $138 million. prnewswire.com
- 2The contract covers production, engineering and support services for Virginia‑class submarine propulsors until 2032. prnewswire.com
- 3BAE Systems has previously delivered components for all Virginia‑class submarines to date. prnewswire.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.