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link : The British Military Is Rearming
The British Military Is Rearming
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BAE Systems is the UK's largest defence contractor
LONDON – Munitions worth $3.2 billion (£2.4 billion) are to be supplied to the British military by BAE Systems over 15 years in a single-source deal announced by the Ministry of Defence Nov 30.
The program, known as Next Generation Munitions Solution (NGMS), will see BAE produce 39 different munitions for the armed services from five different sites across the UK.
Small-arms ammunition, mortars, tank shells, medium-caliber gun rounds and heavy artillery rounds are included in the delivery schedule which starts at the end of 2022.
The contract supersedes a similar £2 billion, 15-year contract known as “Munitions Acquisition, the Supply Solution,” which kicked off in 2008.
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Update #1: BAE Systems: '4,000 UK jobs sustained' by £2.4bn munitions contract (SKY News) Update #2: Britain hands BAE Systems 2.4-billion-pound munitions contract (Reuters)
WNU Editor: The expectation is that there will be more contracts in the near future .... BAE Won a Massive New Defense Contract. Why More May Come Soon (Barrons).
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