STOCK TITAN

BAE Systems Awarded $478 Million U.S. Navy Contract for Systems Engineering and Integration Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

BAE Systems has secured a five-year contract worth up to $478 million from the U.S. Navy's Strategic Systems Programs (SSP), awarded in September 2021. This contract involves providing Systems Engineering and Integration Support Services, aimed at enhancing the Navy’s digital engineering strategy and ensuring mission readiness. The SSP oversees critical weapons systems on U.S. and U.K. submarines, including the Ohio and Vanguard classes. BAE’s expertise will help optimize costs and performance in complex defense projects.

Positive
  • Secured a $478 million contract from the U.S. Navy, enhancing revenue potential.
  • Contract focuses on critical support for the Navy’s strategic missions, ensuring long-term business engagement.
Negative
  • None.

MCLEAN, Va.--(BUSINESS WIRE)-- BAE Systems has been awarded a five-year Systems Engineering and Integration Support Services contract to continue supporting the U.S. Navy Strategic Systems Programs (SSP) office. The contract, worth up to $478 million, was awarded in September 2021.

BAE Systems has been awarded a five-year Systems Engineering and Integration Support Services contract to continue supporting the U.S. Navy Strategic Systems Programs office. (Photo: Business Wire)

BAE Systems has been awarded a five-year Systems Engineering and Integration Support Services contract to continue supporting the U.S. Navy Strategic Systems Programs office. (Photo: Business Wire)

“We are proud to continue providing full system-level lifecycle capabilities to SSP that will help advance their digital engineering strategy to ensure the readiness of the Navy’s strategic missions,” said Lisa Hand, vice president and general manager of BAE Systems Integrated Defense Solutions. “BAE Systems brings extensive systems integration expertise to a wide range of defense initiatives that support two-legs of the nation’s nuclear triad.”

The SSP oversees the Strategic Weapons System and Attack Weapons System on-board current U.S. Ohio and U.K. Vanguard class submarines, as well as on future U.S. Columbia and U.K. Dreadnought class submarines.

As an independent weapon system integrator, BAE Systems uses model-based and digital engineering approaches that enable customers like the Navy to optimize cost, schedule, and performance for highly complex weapon systems. These formalized applications of modeling ensure relevant and timely engineering communication, approval, and fielding of equipment and support to the warfighter. BAE Systems’ applications support system requirements, design, analysis, verification, and validation activities beginning in the conceptual design phase and continuing throughout development and later lifecycle phases.

Maria McGregor, BAE Systems

Mobile: 619-207-8915

Maria.mcgregor@baesystems.com



www.baesystems.com/US

@BAESystemsInc

Source: BAE Systems

FAQ

What is the value of the BAE Systems contract awarded by the U.S. Navy?

The contract is worth up to $478 million.

When was the BAE Systems contract awarded?

The contract was awarded in September 2021.

What services will BAE Systems provide under this contract?

BAE Systems will provide Systems Engineering and Integration Support Services.

Which U.S. Navy program is BAE Systems supporting?

BAE Systems is supporting the Strategic Systems Programs (SSP) office.

What submarines are involved in the BAE Systems contract?

The contract involves support for the Ohio and Vanguard class submarines.

BAE SYSTEMS PLC S/ADR

OTC:BAESY

BAESY Rankings

BAESY Latest News

BAESY Stock Data

49.24B
755.04M
2.62%
Aerospace & Defense
Industrials
Link
United States of America
Camberley