SAIC awarded $143.33M Navy contract modification

SAIC was awarded a $143.33M firm-fixed-price, cost-plus-fixed-fee, and cost modification to previously awarded contract for the production, spares, production support material, engineering support, and hardware repair of components for MK 48 Heavyweight Torpedo All Up Round in support of the MK 48 MOD 7 Heavyweight Torpedo program. This contract combines purchases to support the Navy, the Royal Australian Navy, and the Foreign Military Sales program. Work is expected to be completed by July 2027. Multiple lines of funding totaling $141.54M to include fiscal 2024 weapons procurement funds in the amount of $101.89M; fiscal 2023 weapons procurement funds in the amount of $10,832,118 and Foreign Partner Funds in the amount of $28,816,659, will be obligated at the time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command, is the contracting activity.