BAE Systems Wins $204M Navy Contract for USS Iwo Jima Overhaul Through 2028

BAE Systems, Maritime Solutions Norfolk, Norfolk, Virginia, was awarded a $204,160,189 firm-fixed-price (FFP) contract action for maintenance, modernization and repair of USS Iwo Jima (LHD 7) fiscal 2026 Selected Restricted Availability (SRA). The scope of this acquisition includes all labor, supervision, equipment, production, testing, facilities, and quality assurance necessary to prepare for and accomplish the Chief of Naval Operations Availability for critical modernization, maintenance, and repair programs. This contract includes options, which, if exercised, would bring the cumulative value of this contract to $255,879,128. Work will be performed in Norfolk, Virginia, and is expected to be completed by February 2028. Fiscal 2026 other procurement, (Navy) funds in the amount of $119,289,270 (58%); fiscal 2026 operations and maintenance, (Navy) funds in the amount of $83,921,516 (41%); fiscal 2025 other procurement, (Navy) funds in the amount of $753,338 (<1%); and navy working capital funds in the amount of $196,065 (<1%), will be obligated at the time of award and $83,921,516 will expire at the end of the current fiscal year. This contract was competitively solicited using full and open competition via the System for Award Management website, with three offers received. Naval Sea Systems Command, Washington, D.C., is the contracting activity (N0002426C4405).