-+ 0.00%
-+ 0.00%
-+ 0.00%
AEVEX’s Maritime Systems Unit Bags Two Contracts Totaling $41.6M From PAE RAS For Production, Fielding, And Operation Of SightGlass And Fisher Mine Countermeasures Systems
Share
Listen to the news

AEVEX Corp. (NYSE:AVEX) announced today that its Maritime Systems division has been awarded two contracts totaling $41.6 million by the Portfolio Acquisition Executive for Robotic and Autonomous Systems (PAE RAS) for the production, fielding, and operation of the SightGlass and Fisher mine countermeasures (MCM) systems. The systems expand MCM capabilities across the U.S. Navy’s existing Global Autonomous Reconnaissance Craft (GARC) fleet and AEVEX’s newer Lynx and next-generation Chaser small unmanned surface vessels (sUSVs).

The first contract, valued at $15.6 million, covers production and operation of SightGlass. The second, valued at $26 million, covers production and operation of Fisher.


 

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending