BAE SYSTEMS RECEIVES $43.7 MILLION CONTRACT FOR IMPROVED OUTER TACTICAL VESTS
05 Feb 2009 | Ref. 020/2009
PHOENIX, Arizona ― BAE Systems has received a $43.7 million contract to produce and deliver 75,000 Improved Outer Tactical Vests (IOTV) for the U.S. Army. BAE Systems’ officials anticipate returning to full production at the Tennessee facilities located in Jefferson and Grainger counties by the end of March.
“This contract award from the Army will restore more than 100 jobs at the Grainger County facility and allow Tennessee’s strong work force to continue to help protect our soldiers,” said Congressman Zach Wamp.
As the latest design for the U.S. Army’s body armor, the IOTV provides increased ballistic protection and enhanced comfort levels, reduced weight over previous designs, and features an emergency quick release mechanism that allows Soldiers and Marines to remove the vest with one pull in an emergency. BAE Systems has received 51 percent of all IOTV orders with this award.
“Our IOTV is the latest generation of life-saving vests that enhances ballistic protection for our warfighters,” said Joe Coltman, vice president of Individual Equipment for BAE Systems. “This award is a testament to the Army’s confidence in our IOTV.”
Production will be completed at facilities located in Tennessee and is expected to be complete by the end of the third quarter 2009, with a peak monthly production rate of 25,000 vests per month.
BAE Systems employs nearly 700 employees at its soft armor facilities, part of BAE Systems’ Security & Survivability Systems’ group, and a technology leader in protective, survivability and security products.
About BAE Systems
BAE Systems is the premier global defense 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.
For further information, please contact:
Heather Russell, BAE Systems
Tel: +1 602 643 7260 Mobile: +1 602 373 8625
heather.russell@baesystems.com
Shannon Smith, BAE Systems
Tel: +1 703 907 8257 Mobile: +1 703 967 3854
Shannon.n.smith@baesystems.com
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