Home / Contract Awards / SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

SAIC logoScience Applications International Corp. (NYSE: SAIC) 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.

Check Also

Carahsoft Adds AWS Offerings on GSA IT Schedule 70 Contract; Will Jones Quoted

Carahsoft Technology has expanded its role as an Amazon Web Services distributor by offering the AWS suite of cloud-based products and services via the General Services Administration's IT Schedule 70 contract vehicle.

AE Industrial Partners to Buy Rotocraft Services Provider Columbia Helicopters

Private equity firm AE Industrial Partners has agreed to acquire heavy-lift rotorcraft manufacturing and operations services provider Columbia Helicopters for an undisclosed amount. AEI said Thursday Columbia Helicopters CEO Steve Brandy will continue to serve in his position and Nancy Lematta will keep her majority share as part of the transaction.