US Army Awards BAE Contract to Produce More Innovative Explosives
Valued at as much as $780 million over the next five years, the contract allows BAE Systems to continue producing explosives at the Holston Army Ammunition Plant in Tennessee.
Under this contract, the company received an initial $18.4 million order to produce additional quantities of IMX-101, an intensive munition that is approved by the Army as a safe and effective replacement for TNT in artillery rounds.
"The work we do at Holston is critical to the defense of our nation and to the safety of our men and women in uniform," said Erin Moseley, president of BAE Systems' Support Solution sector. "IMX-101 is truly innovative and is revolutionizing military ordnance. Once fully fielded, it will help save lives on and off the battlefield."
Ammunition Market - Global Industry Analysis 2013 - 2019
BAE Systems developed IMX-101 and fielded it in partnership with the Army at the Holston plant, which the company operates and manages for the government. IMX-101 is part of a new family of explosives under development called Insensitive Munitions eXplosives (IMX). These explosive formulations are significantly more stable than conventional TNT and Composition B, making the weapon systems they support safer for troops to transport and handle.
BAE Systems is an industry leader in managing government-owned and contractor-operated munitions sites for the U.S. military. The company has been the operating contractor of the Holston plant since 1999, developing a wide range of explosive formulations for both military and commercial applications. In 2012, the company became the operating contractor of the Radford Army Ammunition Plant in Radford, Virginia. The Radford plant, similar to Holston, manufactures a range of propellants for military munitions.
Source : BAE Systems PLC (LSE: BAES.L)