SAIC awarded $102.5M Navy contract

SAIC has been awarded 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 and MK29 Mod 0 Warshot Fuel Tanks to the U.S. Navy and foreign partners through implemented Foreign Military Sales programs.