BAE Systems Receives Concept Development Contract for OMFV Program
- Dow, S&P 500 end with gains up after bumpy week, but Nike drags
- Over $100 Billion Wiped Off: Bitcoin (BTC) Price Falls As China's Central Bank Vows to Ban Cryptocurrency Trading
- Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges
- Oil hits highest in almost 3 years as supply tightens
- Here's Why Meredith (MDP) Stock Price Soared 18% in After Hours
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
WASHINGTON--(BUSINESS WIRE)-- The U.S. Army has awarded BAE Systems, Inc. a contract for the concept development phase of the Optionally Manned Fighting Vehicle (OMFV) program. During this phase, BAE Systems will further develop a design that will meet - with ample growth and adaptability - the Army’s needs for lethality, mobility and survivability on future battlefields.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210723005503/en/
BAE Systems is working on a design for the Optionally Manned Fighting Vehicle (OMFV) program. (BAE Systems image)
BAE Systems, along with teammate Elbit Systems of America, will explore crew automation, active protection, and other transformational combat vehicle technologies and turret solutions that will deliver the advanced warfighting capabilities the Army needs for the future.
“Our soldiers on the future battlefield should set the pace of the fight and dominate in lethality, survivability, and mobility through technology,” Jim Miller, director of business development at BAE Systems, said. “The conceptual design phase allows us to demonstrate how we marry future technology with our integration and production experience to deliver a new level of capability to our troops on an ever-changing, interconnected, multi-domain, joint battlefield.”
BAE Systems’ OMFV design will provide a highly maneuverable and survivable solution for the Army’s Armored Brigade Combat Team (ABCT) to engage in close combat and deliver decisive lethality. BAE Systems’ solution will accommodate a host of targeting systems that will share threat and target data across the ABCT team, and will help protect soldiers as they get to the fight.
BAE Systems’ OMFV concept is an integrated system of systems based on a Modular Open Systems Approach (MOSA), which allows for rapid upgrades and technology refresh for quick insertion of new innovations or to counter emerging threats. MOSA solutions also help lower lifecycle sustainment costs and enable commonality across platforms.
Preliminary design work on the contract will take place in York, Pennsylvania; Sterling Heights, Michigan; Minneapolis, Minnesota; and San Jose, California.
For more information, please contact:
Elizabeth Delano, BAE Systems
Source: BAE Systems
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- College of American Pathologists Honors 31 Members/Residents at CAP21 Annual Meeting
- Donald S. Karcher Becomes President-Elect of College of American Pathologists
- The 2nd APEC Cross-Border E-Commerce Training Workshop Concluded Successfully
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!