
The Army has officially awarded BAE Systems a full-rate production (FRP) contract for the new Armored Multi-Purpose Vehicle (AMPV), which may be worth up to $1.6 billion. The FRP deal is initially worth $797 million, and includes a $432.6 million AMPV order along with earlier contract modifications for long-lead materials totaling $365.3 million. “Entering full-rate production is a momentous milestone in the lifecycle of a production program for both the U.S. Army and BAE Systems,” Jeremy Tondreault, president of BAE…