BAE Systems and Science Applications International Corp. (NYSE: SAI) have won two five-year contracts worth up to $205, 966, 570 combined to perform design and development work for a U.S. Marine Corps personnel carrier vehicle program.
Four bids were submitted to the Marine Corps Systems Command for the firm-fixed-price contract and each contract has an initial value of $27, 796, 449, the Defense Department said Friday.
The contracts will be worth between $163, 516, 104 and $205, 966, 570 if the Marine Corps exercises all options and the value is depending on the contract selected for the down select option award, the Pentagon said.
Work by BAE and SAIC will focus on building up the force protection of the Marines’Â Legacy Assault Amphibious Vehicle Personnel Carrier Variant Platform.
The Marines will obligate $27, 796, 449 in fiscal 2013 and 2014 research, development, test and evaluation contract funds at the time of award.
BAE and SAIC also holds spots on a potential $698 million prototype systems and engineering support contract that the Navy awarded in 2012.
