BAE Systems Gets Army Pact For Parachutes
PHOENIX (AP) — A division of BAE Systems received a contract from the Army to phase out and upgrade to new personnel parachutes as part of a $220 million program.
Terms of the deal were not disclosed. BAE is one of three companies who will produce the T-11 parachutes, which will replace the existing T-10 parachutes. The five year deal allows for future orders based on performance, according to BAE. Once production begins, BAE expects to make more than 60 T-11 parachutes per week at its Phoenix production facility.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
-
U.K. Probes Accounting at Lehman
The Wall Street Journal.
-
Reform Bill From Senate Democrats Calls for More Oversight
New York Times
-
Wal-Mart to Add Money Centers
The Wall Street Journal.
-
EU ministers agree Greek plan
BBC
-
Curb your spending, Brussels tells Gordon Brown
Latest Business News from Times Online
-
Payback Time: Avalanche of Maturing Junk Bonds Looms for Markets
New York Times
-
Hedge Funds Fail When ‘Rock Stars’ Are in Charge: Matthew Lynn
BusinessWeek Online
-
EU urges faster cut of UK deficit
BBC
-
Berkowitz Invests in AIG, Says It’s ‘Still a Good Company’
BusinessWeek Online
-
2nd UPDATE: Data Show US Card Companies Still Face Struggles
FOXBusiness.com
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,642.15 | 1,150.51 | 2,362.21 | 37.04 |
Oil *
77.91
|
|
UP
17.46
|
UP
0.52
|
DOWN
5.45
|
DOWN
0.06
|
10 Yr
3.70%
SPDR Gold
108.36
|
|
+0.16%
|
+0.05%
|
-0.23%
|
-0.16%
|
Data delayed 20 minutes |
More From TheStreet
Latest Headlines
Brokerage Partners
Sponsored Links
