Cook Defence Systems, which has a base at Stanhope, has been enlisted to supply the track system for AJAX, expected to be the most advanced armoured vehicle when it comes into service in 2019.
The contract with General Dynamics European Land Systems, which is a sub-contractor on the AJAX programme, will run until 2023.
The news comes as the second win for Cook Defence Systems in recent months, after an important visit from Defence Secretary Michael Fallon back in November 2015, when a £70m, four-year deal to support the Army’s existing armoured vehicles was announced.
Defence secretary Michael Fallon said: “This company has a long and proud tradition of providing track for British armoured vehicles, having done so since the Second World War.
“This contract follows on from the £70m I announced when I visited William Cook group last year. It is part of our £178bn equipment plan, backed by a growing Defence budget.”
William Cook, General Manager, said: “We won this contract despite stiff international competition. I am pleased that we can help deliver the very best for the British”.