15th Apr 2016 12:56
LONDON (Alliance News) - Defence contractor BAE Systems PLC on Friday said it has won a contract with the US Department of Defense to manufacture and deliver Archerfish mine neutralisers to the US Navy.
BAE said the GBP15.5 million contract, which will cover the manufacture of mine neutralisers at the company's Broad Oak facility in Portsmouth, will also include the supply of fibre-optic spools.
Archerfish is a remotely-controlled underwater vehicle equipped with an explosive warhead used to destroy sea mines.
Shares in BAE were flat at 510.78 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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