BAE Systems Wins $80 Million Torpedo Contract

Britannia may no longer rule the waves, but its defense contractors are helping America's Navy to rule what lies beneath. On Monday, Britain's BAESystemsannounced that it has won a three-year, $80 million contract to perform maintenance work on U.S. Navy submarine torpedoes "and other weapon systems."

BAE says six local subcontractors will also assist the Navy on this contract, which was let by the Naval Undersea Warfare Center Keyport Division in Washington state.

BAE did not state specifically what tasks it will perform as part of the contract, but it did note that its Keyport site "provides life-cycle systems support services for the Heavyweight and Lightweight Torpedo, and for information assurance and submarine" towed array sonar systems.

The article BAE Systems Wins $80 Million Torpedo Contract originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.