BAE Systems Locks Down $780M Army Explosives Contract

Law360, New York (March 25, 2013, 2:05 PM EDT) -- BAE Systems Inc. has secured a $780 million, five-year U.S. Army contract to continue producing explosives at the Holston Army Ammunition Plant in Tennessee, it said Friday.

Under the contract, the company will receive 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...
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