Aerospace Group:

U.K. Awards BAE Systems $3.2 Billion Deal To Continue Supplying Munitions

By Matthew Beinart

Monday, November 30th, 2020

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U.K. Awards BAE Systems $3.2 Billion Deal To Continue Supplying Munitions

The Challenger 2 Main Battle Tank (MBT) in use by the British Army. Photo: BAE Systems.

The U.K. has awarded BAE Systems a new 15-year, $3.2 billion deal to continue supplying munitions for the British military, the company said Monday. BAE Systems said the deal will allow for a $93.3 million investment toward upgrading manufacturing lines, with plans to also spend $466.3 million on purchasing raw materials and machine components from British companies. “This contract secures the future of a highly technical and critical industry which supports thousands of manufacturing jobs in several areas throughout the…

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