The US Army is moving forward with its Armored Multi-Purpose Vehicle (AMPV) programme, and has awarded BAE Systems two contract modifications valued up to USD575 million to kick-start low-rate initial production (LRIP).
In a 19 February release, the company announced that the dual contracts mark the start of AMPV LRIP. The first contract, handed down in January, is valued at USD128 million and a second, awarded this month, is valued up to USD447 million. Combined with previously awarded dollars to support production planning, the service has now funded AMPV LRIP with USD873 million.
“Moving into this phase of the AMPV programme is exciting because it brings soldiers one step closer to deploying this critical capability for completing their missions and coming home safely,” said Bill Sheehy, AMPV programme director for BAE Systems’ combat vehicles business.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes