AEVEX’s Maritime Systems Unit Bags Two Contracts Totaling $41.6M From PAE RAS For Production, Fielding, And Operation Of SightGlass And Fisher Mine Countermeasures Systems
Benzinga Newsdesk 1 day ago
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AEVEX Corp. (NYSE:AVEX) announced today that its Maritime Systems division has been awarded two contracts totaling $41.6 million by the Portfolio Acquisition Executive for Robotic and Autonomous Systems (PAE RAS) for
AEVEX Corp. (NYSE:AVEX) announced today that its Maritime Systems division has been awarded two contracts totaling $41.6 million by the Portfolio Acquisition Executive for Robotic and Autonomous Systems (PAE RAS) for the production, fielding, and operation of the SightGlass and Fisher mine countermeasures (MCM) systems. The systems expand MCM capabilities across the U.S. Navy’s existing Global Autonomous Reconnaissance Craft (GARC) fleet and AEVEX’s newer Lynx and next-generation Chaser small unmanned surface vessels (sUSVs).
The first contract, valued at $15.6 million, covers production and operation of SightGlass. The second, valued at $26 million, covers production and operation of Fisher.