Author: Nichols Martin|| Date Published: August 23, 2018
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 Departmentsaid 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.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
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.
