GLOBAL AMPHIBIOUS VEHICLE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In March 2023, BAE Systems is a company that specializes in providing defense, aerospace, and security solutions. received a contract from the U.S. Marine Corps to produce amphibious combat vehicles for personnel and command purposes. The contract is worth $145.3 million for more than 25 personnel vehicles and $111.5 million for over 15 command vehicles.
• In January 2023, IDV secured a deal with the Italian Navy to supply 36 Amphibious Armored Vehicles VBA personnel carriers. This strengthened the fleet of IDVs and enhanced the national sea projection capability for the San Marco Marina Brigade.
• In January 2022, BAE Systems received a contract amendment from the U.S. Marine Corps to produce a second batch of Amphibious Combat Vehicles at full rate production. The contract is for 33 vehicles valued at US$169 million.
• In February 2021, BAE Systems was granted a contract option by the U.S. Marine Corps to produce more Amphibious Combat Vehicles at full rate production for US$184 million. This includes production and miscellaneous costs for the personnel carrier variant. The total number of vehicles under the agreement increased to 72 with a total value of US$366 million.
• In December 2020, BAE Systems achieved a significant milestone with a contract valued at US$184 million from the U.S. Marine Corps for 36 vehicles, marking the progression of the Amphibious Combat Vehicles Family FOV program towards full production.