Elbit Systems awarded $500M Navy contract

Elbit Systems was awarded a $500M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of Squad Binocular Night Vision Goggle systems; spare and repair parts; contractor logistics support; and test article refurbishment. Work is expected to be completed in November 2028. FY22 procurement funds in the amount of $944,730 will expire at the end of the current fiscal year; FY23 procurement funds in the amount of $46.66M that will not expire until FY25 and FY24 procurement funds in the amount of $79.29M that will not expire until fiscal year 2026, for a total amount of $126.89M, will be obligated on the first delivery order immediately following contract award. This contract was competitively procured via SAM.gov, with three offers received. Marine Corps System Command is the contracting activity.