Progeny Gets Potential $303M Navy Contract to Produce Lightweight Torpedo Kits

Progeny Systems has landed a potential four-year, $303.1M contract to produce MK54 Mod 1 lightweight torpedo kits and provide complementary test tools, spares and technical services for the U.S. Navy and foreign military sales customers.

The contract has a $40.6M base value and would reach its maximum potential value if all options are exercised, the Defense Department said Wednesday.

Efforts under the sole-source, cost-plus-fixed-fee, cost-plus-incentive-fee, fixed-price-incentive-fee contract will consist of 99 percent for the Navy and the remaining 1 percent for Canada, Australia, the U.K. and Taiwan.

The service branch will obligate $40.3M in fiscal 2017 through fiscal 2018 Navy funds and $361K in FMS funds.

Progeny will perform 55 percent of work in Charleroi, Pa., and the remaining in Salt Lake City, Utah and Manassas, Va. through August 2022.

The Mod 1 upgrade includes a new sonar array assembly and bolstered processing capacities for the MK 54 torpedo.

Progeny Systems is a Virginia-based company that offers system integration, computer-vision, research, development and manufacturing services for both government and commercial customers.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it