Subaqueous Precision: Raytheon’s $34 Million Accord Advances MK 54 Lightweight Torpedo

Raytheon Missiles & Defense Naval Surface & Undersea Systems, Portsmouth, Rhode Island, is awarded a $34,030,545 firm-fixed-price, cost-plus-fixed fee, and cost only undefinitized contract action for production and engineering support for common parts related to the MK 54 Lightweight Torpedo. This contract will purchase parts for the Navy. Work will be performed in Portsmouth, Rhode Island (99.6%); and Poulsbo, Washington (0.4%), and is expected to be completed by July 2027. Fiscal 2023 weapons procurement (Navy) funds in the amount of $10,158,630 (60%); and fiscal 2024 weapons procurement (Navy) funds in the amount of $6,822,612 (40%) will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was competitively procured via the System for Award Management, with one offer received. Naval Undersea Warfare Center, Keyport, Washington, is the contracting activity (N00253-24-C-0001).