BAE Systems Awarded $69 Million U.S. Army Order for Rocket Propellant Grains
December 07 2016 - 8:00AM
Business Wire
The U.S. Army has awarded BAE Systems a $69 million contract for
additional production of MK90 propellant grains used to power
rockets deployed on rotary- and fixed-wing aircraft.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161207005663/en/
The MK90 propellant grain is manufactured
by BAE Systems at the Radford Army Ammunition Plant in Virginia,
where the company has been the managing operator since 2012.
(Photo: BAE Systems)
The MK90 grain is the propulsion component of the MK66 rocket
motor, which is the propulsion unit that powers the family of Hydra
70 rocket systems in service with the U.S. military and several
allied nations.
“Our employees take great pride in their work and in
understanding the science behind producing superior performing
propellants,” said Reed McPeak, vice president and general manager
of BAE Systems Ordnance Systems, Inc. “As one of the Army’s trusted
munitions providers, we are committed to supplying propellants to
enable the safe and reliable delivery of munitions that
successfully fulfill important missions and protect our
warfighters.”
The MK90 Grains are manufactured at the Radford Army Ammunition
Plant in Virginia, which has been operated by BAE Systems since
2012. Production will begin immediately and continue through
October 2018. The Radford facility is a leading producer of
military-grade propellants. Production involves more than 300
people in five manufacturing areas at the plant.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161207005663/en/
BAE SystemsChristopher FinleyMobile:
540-315-0568chris.finley@baesystems.comwww.baesystems.com/US@BAESystemsInc
Bae Systems (LSE:BA.)
Historical Stock Chart
From Apr 2024 to May 2024
Bae Systems (LSE:BA.)
Historical Stock Chart
From May 2023 to May 2024