Friday, November 10, 2006
BAE wins $7.8 mn Iraq contract
Reconstruction
BAE Systems has received a $7.8 million Foreign Military Sales contract modification to manufacture 20 additional Iraqi Light Armored Vehicles (ILAVs) from the U.S. Army Tank-automotive and Armaments Command. The total value of the indefinite-delivery/indefinite-quantity contract could reach $445.4 million and 1,050 vehicles, if all options are exercised. Work on the contract is ongoing with deliveries scheduled to continue through May 2007. The first ILAVs were delivered to Iraq 90 days after the contract was awarded.
