Raytheon Secures Lucrative MK 54 Torpedo Deal with the U.S. Navy
Alert: Attempt to access property “post_parent” on null in /home/defensea/english.defensearabia.com/wp-includes/link-template.php on line 479
Alert: Attempt to access property “post_name” on null in /home/defensea/english.defensearabia.com/wp-includes/link-template.php on line 517
Deprecated: rtrim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/defensea/english.defensearabia.com/wp-includes/formatting.php on line 2829
Alert: Attempt to access property “ID” on null in /home/defensea/english.defensearabia.com/wp-includes/link-template.php on line 534
Alert: Attempt to access property “post_excerpt” on null in /home/defensea/english.defensearabia.com/wp-content/themes/mh-magazine/includes/core/Custom-Functions.php on line 281
Alert: Attempting to reach array offset on value of type bool in /home/defensea/english.defensearabia.com/wp-content/themes/mh-magazine/includes/core/Custom-Functions.php on line 283
Deprecated: ltrim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/defensea/english.defensearabia.com/wp-includes/formatting.php on line 4486
Alert: Attempt to access property “post_title” on null in /home/defensea/english.defensearabia.com/wp-content/themes/mh-magazine/includes/core/Custom-Functions.php on line 283
The Raytheon Corporation has been granted on the 29th of August a $37,723,774 firm-fixed-price, fixed-price-incentive, cost-plus-fixed-fee agreement for the acquisition of MK 54 lightweight torpedo common parts kits; MK 54 Mod 0 lightweight torpedo kits; and MK 54 practice fuel tanks, spare parts, production support resources, engineering assistance, and hardware repair support.
This agreement encompasses options which, if utilized, would elevate the total value of this contract to $448,737,790. The contract merges procurements for the U.S. Navy (98 percent) and the Government of Thailand (2 percent) under the Foreign Military Sales Program.
Operations will take place in Keyport, Washington (70 percent); Portsmouth, Rhode Island (25 percent); and Tewksbury, Massachusetts (5 percent) and is anticipated to be finalized by May 2019. Fiscal 2016 weapons procurement (Navy), fiscal 2016 spare weapons procurement (Navy), and foreign military sales funding totaling $36,113,068 will be allocated at the time of award and will not lapse at the conclusion of the current fiscal year. This contract was procured through competitive bidding via the Federal Business Opportunities website, with two proposals received. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting authority (N00024-16-C-6423).
