MK 54 lightweight torpedo contract won by Raytheon

EWKSBURY, Mass. Naval Sea Systems Command officials in Washington, District of Columbia selected Raytheon to provide MK 54 lightweight torpedo common parts kits; MK 54 Mod 0 lightweight torpedo kits; and MK 54 exercise fuel tanks including spares, production support material, engineering support, and hardware repair support.

The firm-fixed-price, fixed-price-incentive, cost and cost-plus-fixed-fee contract is worth $37,723,774. If all options are exercised, it could bring the value up to $448,737,790. The majority of the purchase is slated for the U.S. Navy. However, the contract combines purchases for the U.S. Navy and the Government of Thailand under the Foreign Military Sales program.

Work is expected to be completed by May 2019 and will be performed in Keyport, Washington; Portsmouth, Rhode Island; and Tewksbury, Massachusetts. Officials say Fiscal 2016 weapons procurement from the Navy, fiscal 2016 weapons procurement spares from the Navy, and foreign military sales funding in the amount of $36,113,068 will be obligated at time of award and will not expire at the end of the current fiscal year.