BAE Systems wins $120 million U.S. Navy Aegis support contract

Reuters

19 January 2015 at 11:48 am

A security guard stands at the entrance to the naval dockyards, where BAE Systems is located, in Portsmouth, southern England November 6, 2013. REUTERS/Stefan Wermuth

LONDON (Reuters) - British defence company BAE Systems said it had won a five-year contract worth an estimated $120 million (£79.2 million) to provide engineering and testing support for the U.S. Navy's Aegis weapon system onboard its ships. BAE Systems, the largest defence company in Europe, said on Monday the contract was initially valued at $23 million with a total value of $120 million over a five-year period. (Reporting by Sarah Young; editing by David Clarke)