SAIC Awarded $102M Contract to Support U.S. Navy Torpedo Production
Science Applications International Corp. (NYSE: SAIC ) has been awarded a $102.5 million contract by the U.S. Navy to continue supporting the MK 48 Mod 7 Heavyweight Torpedo program.
- Science Applications International Corp. (NYSE: SAIC ) has been awarded a $102.5 million contract by the U.S. Navy to continue supporting the MK 48 Mod 7 Heavyweight Torpedo program.
- This is a firm-fixed-price and cost-plus-fixed fee modification to a previously awarded $1.1 billion torpedo production contract .
- “SAIC has a long history of supporting the U.S. Navy, notably our work providing the dominant undersea weapons it requires,” said Bob Genter, president of Defense and Civilian Sector at SAIC.
- Currently, SAIC also provides all necessary facilities, resources and management to meet the contract’s integration, production, test and delivery requirements.