BAE wins $400 million deal for U.S. Navy aircraft
WASHINGTON Dec 13 (Reuters) - The U.S. unit of Britain's BAE Systems Plc said it has won a contract valued at up to $400 million over the next five years to maintain and service more than 300 U.S. Navy trainer aircraft.
BAE said on Thursday that the contract, which covers inspections, repairs and logistical support for the Navy's T-34, T-44 and T-6 trainer aircraft, would help it expand its services business.
It was a major win for BAE, which beat out incumbent Sikorsky Aircraft, a unit of United Technologies Corp, and L-3 Communications Holdings Inc to secure the contract.
The contract includes an initial base term plus multiple options. It will cover five years if all options are exercised.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- Analysis: Boeing bidders dangle goodies to win 777X jetliner
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image