BAE Systems Receives $88 Million Contract for ACV-30 Test Vehicles

Rhea-AI Summary

BAE Systems has secured an $88 million contract from the U.S. Marine Corps to produce multiple ACV-30 Production Representative Test Vehicles (PRTVs). These vehicles will be tested before a full-rate production decision is made. The ACV-30 features a remotely operated 30mm turret designed by KONGSBERG, enhancing troop safety and operational effectiveness. BAE Systems plans to leverage its legacy in amphibious vehicles alongside its partnership with Iveco Defence Vehicles to deliver superior mobility and survivability in various combat scenarios.

Positive

• Award of an $88 million contract for ACV-30 test vehicles.
• ACV-30 offers enhanced crew protection with a modern remote turret system.
• BAE Systems' history in amphibious vehicles positions them favorably for future growth.
• Long-term partnership with KONGSBERG for innovative combat solutions.

Negative

• None.

STAFFORD, Va.--(BUSINESS WIRE)-- The U.S. Marine Corps has awarded BAE Systems an $88 million contract to build multiple ACV-30 Production Representative Test Vehicles (PRTVs). Once delivered, the PRTVs will undergo a period of testing prior to a full-rate production decision.

The U.S. Marine Corps has awarded BAE Systems an $88 million contract to build multiple ACV-30 Production Representative Test Vehicles. (Credit: BAE Systems)

The ACV-30 mounts a stabilized, medium caliber Remote Turret System manufactured by KONGSBERG. The 30mm RT-20 is a remotely controlled and operated weapons system that enhances crew protection. The remote turret eliminates the space requirement of legacy lethality systems. It provides more space to transport troops or mission essential equipment, and reduces weight for better mobility.

“We are committed to equipping the Marine Corps with the best technology available to provide them with a decisive edge,” said John Swift, vice president of amphibious programs at BAE Systems. “We have carefully chosen proven industry partners who are equally committed to ensuring Marines have the capabilities to dominate on the battlefield.”

The ACV represents the optimum balance of sea/land mobility and survivability, with future growth potential. The ACV was born out of a combination of BAE Systems’ amphibious vehicles legacy and Iveco Defence Vehicles’ long history of producing more than 30,000 multi-purpose armored vehicles.

“The unmanned KONGSBERG RT-20 medium caliber turret is designed to meet the current and future needs of the Marine Corps as they move forward in implementing the future operating vision known as Force Design 2030,” said Scott Burk, president of KONGSBERG Protech Systems USA. “The fielding of this vehicle system provides the Marines with a low risk, and operationally proven solution.”

The ACV-30 is one of four variants in the ACV Family of Vehicles. BAE Systems is under contract for a personnel variant (ACV-P), a command variant (ACV-C), and a recovery variant (ACV-R). In addition, BAE Systems has received task instructions from the U.S. Marine Corps to complete a study of incorporating a Command, Control, Communication and Computers/Unmanned Aerial Systems mission payload into an Amphibious Combat Vehicle (ACV) variant.

ACV production and support is taking place at BAE Systems locations in: Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and, York, Pennsylvania.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005366/en/

For more information:

Elizabeth Delano

Mobile: +001 (408) 289-2312

Elizabeth.delano@baesystems.com

www.baesystems.com/US @BAESystemsInc

Source: BAE Systems

FAQ

What is the recent contract awarded to BAE Systems (BAESY) about?

BAE Systems has been awarded an $88 million contract by the U.S. Marine Corps to build multiple ACV-30 Production Representative Test Vehicles.

What is the value of the contract BAE Systems received from the U.S. Marine Corps?

The contract awarded to BAE Systems is valued at $88 million.

What capabilities does the ACV-30 vehicle provide?

The ACV-30 features a medium caliber remote turret system that enhances crew protection and increases operational efficiency.

What is the significance of the ACV-30 contract for BAE Systems and investors?

The ACV-30 contract represents a significant opportunity for BAE Systems, strengthening its position in defense contracting and enhancing potential revenue streams.