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BAE fights for army contract
DEFENCE giant BAE Systems is fighting a decision by the US Army to award a multi-billion dollar vehicle contract to a competitor, saying it did not judge its proposals fairly.
The company said that it had filed a protest with the US Government Accountability Office, asking it to review the decision. BAE’s shares fell around four per cent when the ruling was announced last month.
“After a detailed analysis of the information provided by the army, the company believes that the army did not properly evaluate the proposals,” BAE said.