The U.S. Navy 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 vehicle program.
Boeing and Lockheed will also refine concepts and develop trade space models to support requirements generation ahead of the MQ-25 program’s engineering and manufacturing development phase, the Defense Department said Friday.
The two companies are scheduled to complete work in October 2017.
Both cost-plus-fixed-fee contracts were not competitively procured and the Navy used its fiscal 2016 research, development, test and evaluation to cover the full obligated amounts.
In June, the U.S. Air Force renamed the Navy’s Carrier Based Aerial Refueling System as MQ-25A Stingray in a move to reflect the multimission functionalities of the latter’s future UAV platform.