Author: Nichols Martin|| Date Published: July 29, 2020
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.
Teledyne Brown Engineering will conduct research and development of information technology applications for NHRC medical planners, the Department of Defense said Tuesday.
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.
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