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BAE Systems secures $108M contract by U.S. Navy for USS Ross modernization

Aug. 22, 2022 1:39 AM ETBAE Systems plc (BAESY) Stock, BAESF StockBy: Meghavi Singh, SA News Editor
  • BAE Systems (OTCPK:BAESY) is awarded a $107,736,087, firm-fixed-price contract for the execution of the USS Ross fiscal 2023 extended dry-docking selected restricted availability.
  • The availability will include a combination of maintenance, modernization and repair of the USS Ross.
  • The contract includes options which, if exercised, would bring the cumulative value of this contract to $123,876,183.
  • Work will be performed in Norfolk, Virginia, and is expected to be completed by March 2024.
  • The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

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