TLDR:
BAE Systems was awarded the overall winner in the Business Expansion category at the 2023 Naval Technology Excellence Awards. The company’s significant contributions to the defence industry through contracts and innovative developments, such as the construction of five Type 26 frigates for the UK Ministry of Defence, were highlighted. BAE Systems also secured contracts for radar upgrades for the Royal Navy and engineering services for the US Navy’s surface fleet.
Article Summary:
BAE Systems was recognized as the overall winner in the Business Expansion category at the 2023 Naval Technology Excellence Awards for its contributions to the defence industry. The company secured a £4.2bn contract from the UK Ministry of Defence to build five Type 26 frigates, enhancing the Royal Navy’s anti-submarine warfare capabilities. Additionally, BAE Systems secured a £270m contract to upgrade and maintain radars for the Royal Navy’s fleet, ensuring operational readiness for various vessels. Internationally, the company won an $88m contract from the US Marine Corps for the production of amphibious combat vehicles.
BAE Systems’ commitment to innovation and job creation, along with its dedication to global maritime security, have positioned it as a leader in the naval defence industry. The company was also recognized in the Research and Development and Innovation categories at the awards. With expertise in combat aircraft, space technology, maritime vessels, and a range of defence solutions, BAE Systems continues to set a benchmark for excellence in the industry.