SAIC has been awarded a $80.5M task order by the U.S. Navy for the completion of the MK710 TSTS design and then to produce and deliver MK 710 Torpedo System Test Sets, or TSTS, to enhance the Navy’s capability to provide the Submarine force with high quality, tested and validated MK 48 heavyweight torpedoes. Under the five-year contract, SAIC will provide MK 710 TSTS which will be used to test and validate the integrity and operational status of warshot MK 48 heavyweight torpedoes prior to delivery to the Navy. The testing and validation of exercise torpedoes supports the training, tactics development and certification of torpedo upgrades for Navy.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SAIC:
- DLH Holdings appoints Carmody to a strategic advisory role
- SAIC awarded $156M contract by U.S. Army for IT service management
- SAIC to deliver IT services on Department of Veterans Affairs $60.7B contract
- SAIC gets $375M U.S. Navy deal for modern vehicle fielding integration
- SAIC price target raised to $135 from $115 at Barclays
