BAE Systems Receives Follow-on Contract for New Swedish Artillery System.KARLSKOGA, Sweden -- BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. has received a SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100 million contract from the Swedish Defence Materiel Administration The Swedish Defence Materiel Administration (Försvarets materielverk, FMV) is a Swedish government agency that reports to the Ministry of Defence. The agency is responsible for the supply of materiel to the Swedish defence organisation. It is located in Stockholm. for the next phase of the Archer program. The contract includes the next step in the development of the gun system and the product definition phase on ammunition supply vehicle and modular charges. Archer is a self-propelled 155 mm artillery gun system based on a commercial off-the-shelf Commercial off-the-shelf (COTS) is a term for software or hardware, generally technology or computer products, that are ready-made and available for sale, lease, or license to the general public. chassis - originally made for construction equipment - that is both easy and economical to maintain. The three-man crew - normally six to ten - operates all activities through computers in the splinter-proof cabin. Each gun carries shells required to perform its mission. An Archer gun provides the same lethality as four to six traditional guns. "Archer is part of the new precision artillery concept," said BAE Systems Bofors senior vice president of Marketing Lars R[R][acute accent]ckert. "The new generation artillery, together with our intelligent ammunition, can strike targets with very high accuracy at a range of up to 60 kilometers." BAE Systems previously delivered two demonstrator guns that are now undergoing extensive troop trials and tests by the Swedish Armed Forces The Swedish Armed Forces (Swedish: Försvarsmakten), is a Government agency responsible for the peacetime operation of the armed forces of Sweden. . The company will complete final development and begin production of two battalions (24 guns) with initial deliveries starting in 2009 and continuing for two years. About BAE Systems BAE Systems is a global defense and aerospace company, delivering a full range of products and services for air, land, and naval forces, as well as advanced electronics, information technology solutions, and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . BAE Systems, with 88,000 employees worldwide, had 2005 sales that exceeded $22 billion, excluding the group's former interest in Airbus. |
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