Thursday, January 15, 2009

BAE SYSTEMS AWARDED $70 MILLION CONTRACT TO FINALIZE ARTILLERY DEVELOPMENT FOR SWEDEN AND NORWAY

BAE SYSTEMS AWARDED $70 MILLION CONTRACT TO FINALIZE ARTILLERY DEVELOPMENT FOR SWEDEN AND NORWAY

15 Jan 2009 | Ref. 010/2009

KARLSKOGA, Sweden - BAE Systems has been awarded a $70 million contract to finalize the development of the Archer artillery system for the Swedish and Norwegian armed forces. This order consists of final development of the self propelled gun, development of ammunition handling system and modular charges. Construction of a final prototype gun is expected to be completed by September 2009.

“When combined with the Excalibur GPS-guided munition, Archer is a state-of-the-art artillery system and will provide enhanced capabilities,” states Magnus Ingesson, president of BAE Systems AB. “Norway’s inclusion in Archer's final development will help solidify the Nordic Battle Group’s artillery capabilities.”

The Archer system is based on construction equipment modified with a self loading system and crew protected cockpit. It provides the crew with the ability to move to a safe distance 90 seconds prior to firing and remain protected throughout the deployment, firing of six rounds and redeployment.

As part of the contract, both governments hold an option to purchase 24 Archer systems each, for a total of 48, in September 2009. Construction for these systems is expected to be completed by 2011.

About BAE Systems
BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 100,000 employees worldwide, BAE Systems' sales exceeded £15.7 billion (US$ $31.4 billion) in 2007


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