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  • Saturday, July 27, 2024

5 Companies Land $162M Shared Contract to Repair Navy Waterborne Equipment

BAE Systems and four other companies will compete for waterborne surface shaft repair projects under a U.S. Navy contract worth $162 million over five years.

The service branch officially awarded six positions on the multiple-award contract vehicle to include BAE’s ship repair businesses in Virginia and California, according to a Department of Defense notice released Wednesday.

DOD added the branch will obligate $3,000 in working capital funds on the six awards to cover the minimum contract amount.

The other awardees are Erie Forge and Steel, Steel America, Collins Machine Works, Bender

 

Each firm will receive $500 for minimum working capital. The Naval Supply Systems Command Weapon Systems Support will allocate additional funding along individual task orders under the firm-fixed-price contract.

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