The company said in a statement last week that it had "been awarded a contract modification from the U.S. Army TACOM Life Cycle Management Command, totaling $709.4 million, for the reset of Bradley Fighting Vehicles and associated components."

"This modification represents the largest national level reset award for Bradley Combat Systems to date. When combined with an earlier award of $234 million for long lead materials and the option worth $57 million, this effort represents over $1 billion for the reset of Bradley Fighting Vehicles," the company said.

"Under the base contract, BAE Systems will reset 1,042 Bradley A3 and ODS Combat Systems returning from Iraq and reset additional A3 components. The contract also carries an option for an additional 58 vehicles," BAE Systems said.

"This is the most significant reset effort ever awarded for Bradley Combat Systems and is vital to ensuring our soldiers have their highly survivable, mobile and lethal Bradley systems back in top condition as soon as possible," said Andy Hove, vice president of Combat Systems Programs for BAE Systems.

"Vehicles that undergo the reset process not only have their useful life restored that was consumed during combat operations, they also receive the latest survivability enhancements and other improvements to greater protect our soldiers in future conflicts," the company said.

BAE Systems said it was "working through the company's Public Private Partnership with Red River Army Depot -- RRAD -- to reset these vehicles. Initial dis-assembly and subsystem rebuild will be performed at RRAD. Final dis-assembly and structural modifications will be completed by BAE Systems in Fayette County, Pennsylvania, and final assembly, integration and test will be conducted at the company's facility in York, Pennsylvania."

"The resetting of additional A3 components will be performed at RRAD and the original equipment manufacturers," BAE Systems said.

"Vehicle deliveries under this contract are scheduled to begin in June 2008 and continue through June 2009 while resetting the components will begin in December 2007 and continue through December 2008," the company said.