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Investing.com -- BAE Systems (LON:BAES) Land & Armaments LP has been awarded a $181,107,842 firm-fixed-price modification to an existing contract for Amphibious Combat Vehicles (ACV).
The U.S. Department of Defense announced the contract modification, which provides for the procurement of 31 full rate production ACV medium caliber cannon mission role variants. The deal also includes associated production, fielding and support costs, and spares.
The total value of the contract could reach $3,845,631,512 if all options are exercised.
Work on the project will be distributed across multiple locations, with 60% performed in York, Pennsylvania; 15% in Aiken, South Carolina; 15% in San Jose, California; 5% in Sterling Heights, Michigan; and 5% in Stafford, Virginia.
The project has an expected completion date of September 2027. Fiscal 2025 procurement funds from the Marine Corps in the amount of $181,107,842 will be obligated at the time of award.
Marine Corps Systems Command in Quantico, Virginia, is serving as the contracting activity for this project.
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