BAE Systems Receives $43.7 Million Contract for Improved Outer Tactical Vests

PHOENIX, Arizona ― BAE Systems has received a $43.7 million contract to produce and deliver 75,000 Improved Outer Tactical Vests (IOTV) for the U.S. Army. BAE Systems’ officials anticipate returning to full production at the Tennessee facilities located in Jefferson and Grainger counties by the end of March.

“This contract award from the Army will restore more than 100 jobs at the Grainger County facility and allow Tennessee’s strong work force to continue to help protect our soldiers,” said Congressman Zach Wamp.

As the latest design for the U.S. Army’s body armor, the IOTV provides increased ballistic protection and enhanced comfort levels, reduced weight over previous designs, and features an emergency quick release mechanism that allows Soldiers and Marines to remove the vest with one pull in an emergency. BAE Systems has received 51 percent of all IOTV orders with this award.

“Our IOTV is the latest generation of life-saving vests that enhances ballistic protection for our warfighters,” said Joe Coltman, vice president of Individual Equipment for BAE Systems. “This award is a testament to the Army’s confidence in our IOTV.”

Production will be completed at facilities located in Tennessee and is expected to be complete by the end of the third quarter 2009, with a peak monthly production rate of 25,000 vests per month.

BAE Systems employs nearly 700 employees at its soft armor facilities, part of BAE Systems’ Security & Survivability Systems’ group, and a technology leader in protective, survivability and security products.