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Navy Awards BAE Systems $28 Million For APKWS

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The Navy in July awarded BAE Systems a $28 million full-rate production (FRP) contract for the company’s Advanced Precision Kill Weapons System (APKWS). A FRP contract option for $41 million exercised in November increases the original FRP contract value to $69 million and extends production through 2014, according to BAE Systems spokeswoman Karen Spiller. Spiller said the initial FRP order was for 985 rockets with 1,476 rockets exercised in an option. Spiller said options can be exercised for 483 additional…

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