A Teledyne Technologies (NYSE: TDY) subsidiary has received a potential six-year, $83.6M contract from the U.S. Navy to develop modeling and simulation tools for the Naval Health Research Center in San Diego.
The first task order under the indefinite-delivery/indefinite-quantity contract is worth potentially $17.9M, which includes an $8.9M base value.
The Navy plans to initially obligate $4.7M on the initial order and finance the remaining balance incrementally.
Naval Medical Logistics Command received one offer for the IDIQ via a competitive procurement on the beta SAM website. Eighty percent of work will take place at a company facility in Huntsville, Ala., and the rest in San Diego.
The Pentagon expects contract services to complete by August 2026.