BAE Systems wins potential $100M Navy contract
Norfolk business unit to work on USS Stout
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential one-year, $100.5 million contract to perform work on the USS Stout ship, the U.S. Department of Defense announced Tuesday.
Under the contract, BAE Systems Norfolk Ship Repair will perform ship maintenance, repair and modernization for the USS Stout, an Arleigh Burke-class guided missile destroyer. Work will be performed in Norfolk and is expected to be completed by November 2021.
BAE Systems will receive $76.2 million at the time of award, according to the DOD.
BAE Systems Inc. is an independent U.S. subsidiary of England-based BAE Systems plc, one of Europe’s top defense contractors. BAE Systems Inc. employs approximately 35,100 people across the U.S., U.K., Sweden and Israel. The company generated $11.4 billion in sales last year.