BAE Systems plc (BA.L) said that it has received a $78 million contract modification from the U.S. Navy to produce canisters for Mk 41 and Mk 57 Vertical Launching Systems or VLS on cruisers and destroyer battleships. This new contract increases the current contract value to $158 million.
The canisters are used as a launch platform for various missiles within the Navy fleet and serve as shipping and storage containers for the missiles. The Mk 41 and Mk 57 VLS are below deck missile launchers capable of launching missiles at multiple naval warfare threats including anti-air, anti-submarine, ship self-defense, land attack, naval surface fire support and ballistic missile defense missions.
The company expects to complete the work by December 2014.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.