Hello, Guest!
  • Thursday, November 21, 2024
MK54 Lightweight Torpedo

Raytheon Technologies Gets $88M Modification on Navy Torpedo Component Production Contract

Raytheon Technologies (NYSE: RTX) has secured an $88M U.S. Navy contract modification to manufacture common part kits and spare components for MK54 lightweight torpedoes designed to track and attack underwater targets.

The modification includes foreign military sales to Australia, Canada, Denmark, Spain and South Korea, the Department of Defense said Wednesday.

The Navy will obligate the full value of the award from weapons procurement and FMS funds, with $217,394 of the obligated amount expiring at the end of the current fiscal year.

Ninety-five percent of work will take place in Rhode Island and the remaining 5 percent in Keyport, Wash.

DoD expects the company to complete services by May 2023.

The MK 54 torpedo employs processing algorithms to analyze data and remove false targets before the system pursues identified targets.

Video of the Day

Related Articles

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech Contract Awards

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech

Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024,

Deloitte Secures Potential $100M Navy OTA for Digital Manufacturing Data Vault Contract Awards

Deloitte Secures Potential $100M Navy OTA for Digital Manufacturing Data Vault

Deloitte Consulting will provide advanced manufacturing support and enterprisewide digital manufacturing data vault capabilities and services under a potential seven-year, $99.8 million other transaction production agreement with the U.S. Navy. The majority of the contract work will occur in Arlington, Virginia, through April 2031, the Department of Defense said Thursday. Under the single-award agreement, the

Diving Into 3 Key Navy Modernization Strategies DOD

Diving Into 3 Key Navy Modernization Strategies

Modernization is a top priority for the Department of Defense, and many department-wide modernization initiatives are currently underway. Though these efforts have a broad reach across the organization, individual DOD components are supplementing them with tailored approaches to their own specific challenges. To address the unique demands of shifts in the maritime environment, the Department