Home / Contract Awards / Raytheon to Help Navy Develop Mine Neutralization System Under Potential $363M Contract

Raytheon to Help Navy Develop Mine Neutralization System Under Potential $363M Contract

Raytheon (NYSE: RTN) has secured a potential $362.7 million contract to design, test and field an autonomous unmanned underwater vehicle for the U.S. Navy to neutralize explosive devices.

The company will develop the Barracuda mine neutralization system to help the service branch counter bottom, near-surface and drifting mines, the Defense Department said Tuesday.

DoD added the system will feature an expendable modular neutralizer composed of a kill mechanism, sensors, propulsion technology and a buoy designed to support wireless communications.

The cost-plus-incentive-fee contract has an $83.3 million base value and will reach its cumulative value if all options are exercised.

Ninety-six percent of work will take place in Portsmouth, Rhode Island, and the remaining 4 percent will occur in DeLeon Springs, Florida.

The Naval Sea Systems Command received one offer for the contract via a full and open competition on FedBizOpps and the service branch will obligate $11.4 million at the time of award.

Raytheon is scheduled to complete work in November 2022.

Check Also

Capital One Agrees to Acquire KippsDeSanto & Co.; Bob Kipps, Kevin DeSanto Quoted

Capital One has signed an agreement to acquire KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies, Capital One announced on Monday

ULA to Support Astrobotic’s Lunar Payload Delivery Mission With NASA; Tory Bruno Quoted

Space robotics technology maker Astrorobotic has partnered with United Launch Alliance to help send a lunar lander to the moon sometime in 2021 using a ULA-built Vulcan Centaur rocket.