BAE Systems Awarded $294.7 Million Contract From U.S. Navy
December 12 2022 - 1:46PM
Dow Jones News
By Chris Wack
BAE Systems Plc said Monday that it has received a $294.7
million contract from the U.S. Navy to drydock and perform more
than 20 months of maintenance and modernization work on the
amphibious assault ship USS Kearsarge.
The contract includes options that, if exercised, would bring
the cumulative value to $340.3 million.
Starting in June, the ship will be drydocked for nearly a year
at BAE Systems' Norfolk, Va., shipyard.
The shipyard will perform extensive hull, tank and mechanical
work, rehabilitate all crew and Marine living compartments onboard
and inspect the ship's boilers. BAE Systems is expected to complete
work aboard the 29-year-old ship in January 2025.
To prepare for drydocking the Kearsarge, BAE Systems said it has
been hiring employees and temporary workers.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 12, 2022 13:31 ET (18:31 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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