Hello, Guest!
  • Friday, November 22, 2024

Textron Gets $314M Modification on Navy Air Cushion Vehicle Material Procurement Contract


Textron (NYSE: TXT) will obtain additional materials needed to build landing craft air cushion vehicles under a five-year, $314.3M contract modification from the U.S. Navy.

The company will use the funds to acquire long lead time components for LCAC class crafts 109 through 123 and to continue pre-fabrication work on crafts 109 to 112, the Department of Defense said Friday.

Work under the modification is projected to run through July 2023.

The Navy will obligate $235.7M in fiscal2017, 2018 and 2019 shipbuilding and conversion funds at the time of award.

LCACs are designed to have a service life of up to three decades.

Textron received a $174M modification in March 2016 to build LCACs 104 through 108 under the military branch’s Ship to Shore Connector program, which aims to land surface assault elements that can operate with amphibious ships and mobile landing platforms.

Video of the Day

Related Articles

EM’s Weekly Roundup: 2021 Wash100 Award Nominations Open; Scott Stapp Becomes Northrop CTO; Jacobs Acquires The Buffalo Group; Jacobs CMS Business Names LTG Bruce Crawford as SVP of Strategic Development; Tetra Tech JV Wins FEMA Contract Weekly Round-up

EM’s Weekly Roundup: 2021 Wash100 Award Nominations Open; Scott Stapp Becomes Northrop CTO; Jacobs Acquires The Buffalo Group; Jacobs CMS Business Names LTG Bruce Crawford as SVP of Strategic Development; Tetra Tech JV Wins FEMA Contract

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Executive Mosaic Opens Nominations for 2021 Wash100 Award Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, announced today that qualifying nominations are now being accepted for the upcoming 2021 Wash100 Award selection. Visit Wash100.com to submit

EM’s Weekly Roundup: Dana Deasy Comments on Re-Award $4.4B DEOS BPA; SAIC Wins $737M AFMS3 Contract; Perspecta Secures $519M in Classified Programs; USDA Awards Accenture Spot on $450M Contract; PAE Acquires Centra Technology Weekly Round-up

EM’s Weekly Roundup: Dana Deasy Comments on Re-Award $4.4B DEOS BPA; SAIC Wins $737M AFMS3 Contract; Perspecta Secures $519M in Classified Programs; USDA Awards Accenture Spot on $450M Contract; PAE Acquires Centra Technology

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards SAIC Wins $737M AFMS3 Contract to Support Modeling, Simulation; Michael LaRouche Quoted Science Applications International Corp. (SAIC) has been awarded the potential $737 million U.S. Air Force Modeling and Simulation Support Services (AFMS3) 2.0 contract to implement, integrate and develop modeling and simulation (M&S). SAIC will help AFAMS develop

EM’s Weekly Roundup: SOCOM Awards $780M ISR Tech Supply; State Dept. Clears $300M Sale of Raytheon Naval Missiles; AECOM Moves Headquarters; Cristal Rice Joins PAE; US Army Building Software Factory to Advance AI; Boeing Tests AI-Powered Unmanned Aircraft Weekly Round-up

EM’s Weekly Roundup: SOCOM Awards $780M ISR Tech Supply; State Dept. Clears $300M Sale of Raytheon Naval Missiles; AECOM Moves Headquarters; Cristal Rice Joins PAE; US Army Building Software Factory to Advance AI; Boeing Tests AI-Powered Unmanned Aircraft

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Boeing Conducts Taxi Test on AI-Powered Unmanned Aircraft Prototype An unmanned aircraft prototype Boeing developed with the Australia’s air force has undergone a low-speed taxi process as part of tests and preparations for a maiden flight slated for later this year. The company said Wednesday the Loyal