Finance
BAE Systems wins $1.7 billion US Navy contract
Published by Global Banking and Finance Review
Posted on December 10, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 10, 2025
1 min readLast updated: January 20, 2026
BAE Systems has secured a $1.7 billion contract with the US Navy to provide laser-guidance kits over five years, enhancing precision munitions capabilities.
Dec 10 (Reuters) - BAE Systems, Britain's biggest defence company, said on Wednesday that the U.S. Navy had awarded it a five-year contract worth up to $1.7 billion to supply laser-guidance kits that turn unguided rockets into precision munitions.
(Reporting by Yamini Kalia in Bengaluru; Editing by Anil D'Silva)
Precision munitions are weapons designed to hit specific targets with high accuracy, reducing collateral damage and increasing effectiveness in military operations.
Laser-guidance technology uses laser beams to direct munitions to their targets, enhancing accuracy and effectiveness in military applications.
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