BAE Systems Gets New GBP2.4 Billion, 15-Year Contract With UK Ministry of Defence
November 30 2020 - 8:26AM
Dow Jones News
By Ian Walker
BAE Systems PLC said Monday that it has been awarded a new
15-year contract with the U.K. Ministry of Defence worth 2.4
billion pounds ($3.20 billion), which will sustain about 4,000 jobs
across the U.K.
The London-listed defense company said the new contract will
supersede the current contract which is due to end at the end of
2022.
Under the contract, BAE will supply munitions products and
engineering support to the U.K. armed forces.
Shares at 1250 GMT were up 6.0 pence, or 1.2%, at 510.20
pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 30, 2020 08:11 ET (13:11 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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