SAIC Awarded $102M Contract to Support U.S. Navy Torpedo Production

About this update from Science Applications International Corporation

[{"type":"text","content":"\nContract expands support of MK 48 production\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience 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.\n\n\n“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. “We are honored by the Navy’s confidence in SAIC, and proud to expand our support of the MK 48 program.”\n\n\nUnder 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 (FMS) programs.\n\n\nCurrently, SAIC also provides all necessary facilities, resources and management to meet the contract’s integration, production, test and delivery requirements.\n\n\nTo learn more about SAIC’s work with the Department of Defense, visit www.saic.com/defense.\n\n\nAbout SAIC\n\n\nSAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective and efficient solutions that are critical to achieving our customers' missions.\n\n\nWe are approximately 25,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion , which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.7 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.\n\n\nForward-Looking Statements\n\n\nCertain statements in this releas...

More updates from Science Applications International Corporation