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BAE SYSTEMS Receives U.S. Navy Contracts for More Than $25 Million for New and Refurbished Canisters.

MINNEAPOLIS -- BAE Systems has received two contracts from the U.S. Navy totaling more than $25 million for missile launching canisters. The first contract, for $16.3 million, includes manufacturing 155 new Mk 13 canisters and refurbishing an additional 75 canisters. The second contract is for $9.1 million and is for manufacturing 28 new Mk 25 canisters.

"BAE Systems has been supplying the U.S. Navy with missile launching canisters for these battle-proven systems for more than two decades," said Gary Tatge, BAE Systems' program manager for missile canisters. "More importantly, our product contributes to systems that provide critical fire support to sailors, keeping them safe and out of harm's way."

The Mk 13 canister is used for the Standard Missile-2, Block II and III. It is the first purchase of new Mk 13 canisters in seven years. The Mk 25 Quad Pack canister is used for the Evolved Sea Sparrow Missile (ESSM). The Mk 25 Quad Pack Canister is unique in that four ESSM are stored and fired in a space normally occupied by one missile. The Mk 25 canisters are slated to support the U.S., Germany and Spain.

The canisters will be produced at the BAE Systems facility in Aberdeen, S.D. The delivery of these canisters will begin in September 2007 and will conclude in August 2008.

About BAE Systems

BAE Systems is the premier trans-Atlantic 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. BAE Systems, with more than 86,000 employees worldwide, had 2005 sales that exceeded $28 billion.
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Date:Nov 27, 2006
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