The Pentagon has awarded a $40 million worth contract for production of MK54 Mod 1 lightweight torpedo kits and support services, the Department of defense announced Wednesday.
“Progeny Systems Corp.,* Manassas, Virginia, is awarded a $40,601,413 cost-plus-fixed-fee, cost-plus-incentive-fee, fixed-price-incentive-fee contract for the production of MK54 Mod 1 lightweight torpedo kits and related test equipment, spares, and engineering and hardware support services,” the release states.
The awarded contract has the cumulative value of $303 million if the options are exercised. This contract combines purchases for the United States Navy; and the governments of Canada, the commonwealth of Australia, the United Kingdom, and Taiwan under the Foreign Military Sales (FMS) program, the statement said.
Work will take place in multiple US locations and is expected to be completed by August 2022.
Fiscal 2018 weapons procurement (Navy) funding in the amount of $21,690,207; fiscal 2017 weapons procurement (Navy) funding in the amount of $18,550,183; and FMS funding in the amount of $361,023 will be obligated at time of award and will not expire at the end of the current fiscal year, the statement added.
The United States Defense Security Cooperation Agency (DSCA) has approved a possible Foreign Military Sale to the Netherlands of 106 MK 54 conversion kits for an estimated cost of $169 million. The DSCA delivered the required certification notifying Congress of this possible sale today
Raytheon is being awarded a $35 million modification contract for the procurement of Mk 54 lightweight torpedo common parts kits. The contract also includes Mk 54 Mod 0 lightweight torpedo kits; and Mk 54 exercise fuel tanks, spares, production support material and related engineering and hardware repair services for the torpedo kits, the US department of defense said in a statement Wednesday
Northrop Grumman is being awarded an $18.6 million modification contract for the production of MK54 Mod 0 lightweight torpedo (LWT) array kits for the US Navy, UK and Thailand
Northrop Grumman has won a contract by the U.S
Raytheon Company has received a $19.3 million U
Raytheon Co., Integrated Defense Systems, Keyport, Wash
Russia's Yak-130 To Make Its Debut At Dubai Airshow
Leonardo's Acoustic Sensor System Completes Live Sea Trial
US Designates Lockheed's New Solid State Radar as AN/SPY-7(V)1
Fighter Jets to land, take off from New Chinese Carrier
Bangladesh to Buy Fighter Jets, Apache Gunships & Missile Systems from US
India's Tejas Mk2 in Final Trials
Russia Seeks Customers for 6 Upgraded, Former Indian Air Force Su-30 Fighters
Italian Arms Exports to Pakistan Jump four-folds in 1 year
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...