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  • Friday, April 26, 2024

Bill Hoover Comments on American Systems $1.5B Navy Vessel Contract Spot

Bill Hoover, American Systems

American Systems will help the Navy transfer the branch’s legacy vessels to foreign buyers as part of a potential $1.5 billion contract, the company announced Monday.

President and CEO Bill Hoover said in a release that the company and a team of subcontractors will support the Naval Sea Systems Command’s international fleet support program.

That program also supports foreign coast guards, he added.

The indefinite-delivery/indefinite-quantity contract has one base year and four option years.

VSE Corp. serves as the prime contractor on the contract originally awarded in October 2011.

Additional team members include:

  • BAE Systems
  • Computer Sciences Corp. (NYSE: CSC)
  • DRS Technologies
  • General Dynamics (NYSE: GD)
  • Lockheed Martin Corp. (NYSE: LMT)
  • Raytheon (NYSE: RTN)
  • SAIC Inc. (NYSE: SAI)
  • Thales

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