BAE Systems and Red River Army Depot Sign Memorandum of Intent for Partnership to Support MRAP Program.WASHINGTON -- 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. and Red River Army Depot (RRAD RRAD Red River Army Depot (Texarkana, TX) RRAD Reusable and Rapid Application Development ) signed a Memorandum of Intent for a partnership to support production of Mine Resistant Ambush Protected (MRAP MRAP Mine Resistant Ambush Protected (military vehicle) MRAP Mouvement contre le Racisme et Pour l'Amitié entre les Peuples (French antiracism movement) MRAP Melanocortin-2 Receptor Accessory Protein ) vehicles on October 9 during the Association of the U.S. Army's Annual Symposium and Exhibition in Washington, D.C. The memorandum, which was signed by Col. Douglas J. Evans, Commander, RRAD and Matthew Riddle, Vice President of Wheeled Vehicle Noun 1. wheeled vehicle - a vehicle that moves on wheels and usually has a container for transporting things or people; "the oldest known wheeled vehicles were found in Sumer and Syria and date from around 3500 BC" axle - a shaft on which a wheel rotates Programs for BAE Systems, states that RRAD and BAE Systems have agreed to enter into a Public Private Partnership for MRAP production and follow-on support. "This memorandum highlights the importance of government/industry partnerships," said Evans. "They are designed to rapidly deliver lifesaving equipment to the warfighter." "Procurement of MRAP vehicles is the Department of Defense's top priority," said Riddle. "This agreement capitalizes on the strengths of both organizations in order to meet this most urgent need." The agreement is intended to provide a foundation for expanding BAE Systems capabilities in partnership with RRAD and meet the emerging requirements for the MRAP program. It will allow a greater number of vehicles to be produced and ultimately to be fielded faster to America's troops. BAE Systems is currently contracted to build three of the five MRAP variants, and now under contract to deliver 1,462 Category I vehicles and 1,176 Category II vehicles. More than 1,500 BAE Systems employees in the US and 400 in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. are producing vehicles with the support of suppliers in more than 30 states across the U.S. About BAE Systems BAE Systems is the premier 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 96,000 employees worldwide, had 2006 sales that exceeded $27 billion on a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma basis, assuming BAE Systems had owned Armor Holdings, Inc. for the whole of 2006. |
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