British aerospace, defence and information security company BAE Systems Plc said on Monday that it has secured a major contract from the US Marine Corps.
The deal worth $79 million is to build and deliver production representative test vehicles (PRTVs) for the amphibious combat vehicle recovery (ACV-R) programme, BAE said.
Garrett Lacaillade, vice president of amphibious programmes at BAE Systems, said, "The ACV-R is a modern, highly capable recovery and mobile repair unit that provides critical expeditionary support to immobilized ACVs in the field and provides maintenance support capabilities without risking our marines' safety."
The company noted that the contract, which marks the second phase of ACV-R programme, will produce PRTVs to be used in government testing next year.
Previously, BAE had received a similar contract from the Marine Corps regarding the design and development of the recovery variant.
Currently, BAE's stock is trading at £1,337 ($1,691), up 0.83% on the London Stock Exchange.