Textron was awarded a $241.37M cost-reimbursable, not-to-exceed undefinitized contract action contract for the procurement of LCAC 100 Class material and non-recurring activities for five future Ship to Shore Connector Landing Craft Air Cushion 100 Class craft. Work is expected to be completed by October 2025. Funds will not expire at the end of the current fiscal year. In accordance with 10 U.S. Code 3204, this contract was not competitively procured: only one responsible source and no other supplies or services will satisfy agency requirements. Work to be performed is the procurement of long lead time material and non-recurring activities for up to five SSC class crafts. Naval Sea Systems Command, Washington, D.C., is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TXT:
- Textron price target raised to $95 from $90 at Citi
- Textron price target raised to $89 from $83 at Susquehanna
- Textron (NYSE:TXT) Stock Shoots to a New 52-Week High; Here’s Why
- Early notable gainers among liquid option names on July 27th
- Textron raises FY23 adjusted EPS view to $5.20-$5.30 from $5.00-$5.20