The U.S. NavyÂ has awarded a $43.4 million contract to Boeing (NYSE: BA) and a $43.6 million contract to Lockheed Martin (NYSE: LMT) to provide risk reduction measures for the military branch’s first carrier unmanned aerial vehicleÂ program.
Boeing and Lockheed will also refine concepts and develop trade space modelsÂ to support requirements generation ahead of the MQ-25Â program’sÂ engineering and manufacturing development phase, the Defense Department said Friday.
The two companies are scheduled to complete work in October 2017.
BothÂ cost-plus-fixed-fee contractsÂ were not competitively procured and the Navy used its fiscalÂ 2016 research, development, test and evaluationÂ to cover the full obligated amounts.
In June, the U.S. Air ForceÂ renamedÂ the Navy’sÂ Carrier Based Aerial Refueling SystemÂ as MQ-25A Stingray in a moveÂ to reflect the multimission functionalities of the latter’s future UAV platform.