SAIC - SAIC secures $102M contract for U.S. Navy Torpedo production

2023-04-10 08:43:32 ET

• Science Applications International ( NYSE: SAIC ) bags a $102.5M 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 $1.1B torpedo production contract.
• Under the new contract option, SAIC will produce, assemble, test and deliver the U.S. Navy’s MK 48 Mod 7 Torpedo Afterbody Tailcones (AB/TC) and MK29 Mod 0 Warshot Fuel Tanks to the U.S. Navy and foreign partners through implemented Foreign Military Sales or FMS programs.
• Also read: ' Science Application Intl bags ~$102.5M contract modification for US Navy '

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