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06:32 PM, September 21, 2019
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Raytheon Wins $80M Lightweight Torpedo Contract for US, India, 4 Others

Raytheon has won a $80.4 million modification contract for MK54 lightweight torpedo kits and some components meant for US, India, UK, Canada, Netherlands and Norway.

"Raytheon has been awarded a $80.4 million modification contract for the production of MK54 Lightweight Torpedo MOD 0 and MOD 1 common parts kits and spare torpedo components," the US Department of Defense said in a statement Friday.

This modification combines purchases for the Navy (24.0 %); and the governments of Canada, Netherlands, Norway, United Kingdom and India under the Foreign Military Sales program (76.0 %). This action is to exercise Option Year Three of the MK54 LWT common parts kit program to supply all up rounds and functional item replacement upgrade kits. This option provides MK54 LWT MOD 0 and MOD 1 common parts kits for the Navy and Foreign Military Sales partners, in addition to spares, production support material, and related engineering services and hardware support.

Work is expected to be complete by June 2022.

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