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- BAE Systems (OTCPK:BAESY) on Thursday received a $754M contract award to continue producing the Armored Multi-Purpose Vehicle (AMPV) family of vehicles (FoVs) for the U.S. Army.
- This contract begins the second phase of full-rate production of AMPVs between March 2026 and February 2027.
- The multi-mission ready AMPV FoV replaces vehicles from the Army's Vietnam War-era M113 family, modernizing the force and providing critical survivability, mobility, and interoperability upgrades to the Armored Brigade Combat Team, the company added.
- Source: Press Release