Science Applications International Corp. (NYSE: SAIC)Â has won a potential four-year, $383.1 million contract to produce MK 48 Mod 7 heavyweight torpedo components for the U.S. Navy.The Naval Sea Systems Command awarded the firm-fixed-price, cost-plus-fixed-fee contract through a competitive procurement process with two proposals received, the Defense Department said Thursday.
The fixed-price-incentive contract has a base value of $31 million and covers tailcone sections, spares, production support material, test equipment, hardware repair and engineering services in support of the service branch’s war shot inventory.
SAIC will perform work in Indiana, Massachusetts and Rhode Island through January 2020.
The military branch will obligate $27 million from weapons procurement funds for fiscal 2016 at the time of award, according to DoD.
The MK 48 heavyweight torpedo works as an anti-submarine and anti-surface warfare weapon for all classes of submarines and is designed to operate at a depth of more than 1, 200 feet for up to 32.2 miles per hour.
The MK 48 Mod 7 Common Broadband Advanced Sonar System torpedo entered initial operational capability in 2006 and works to perform countermeasure operations in both littoral and deep waters.
