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  • Friday, April 19, 2024

BAE Orders Could Pass $100M on Extended Army Space, Missile Defense Contract

The U.S. Army has extended a 2006 space and missile defense contract with BAE Systems without competition, meaning the company could have access to more than $100 million in new orders.

Bloomberg Government’s Nick Taborek writes that the contract was scheduled to expire Sept. 30, 2011, but the Army has decided to roll contract work into its multi-billion dollar D3I program and extended its life by 2 years.

Once this period expires, however, BAE will have to compete with more companies in the new D3I program, which has multiple awardees.

Lockheed Martin (NYSE: LMT) is the largest vendor to the Space and Missile Command and Raytheon (NYSE: RTN) also plans to bid, according to Taborek’s report.

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