Definitive Contract N0002411C6410

Raytheon Company's Land & Air Defense Systems Division was awarded a definitive fixed-price incentive contract by the Naval Sea Systems Command on September 19, 2011, to deliver MK54 MOD 0 lightweight kits and transfer Government-Furnished Equipment (GFE). The contract, valued at approximately $219.6 million with an ultimate completion date of December 31, 2018, was performed at Raytheon's facility in Portsmouth, Rhode Island. This contract was not set aside for any socioeconomic category and represents Raytheon's ongoing support for the U.S. Navy's advanced weapons systems and maritime defense capabilities.

The MK54 is a lightweight torpedo system used by the Navy for anti-submarine warfare, and this award supports the production and delivery of complete kits along with associated government-furnished components. As a critical supplier of sophisticated electronic systems and integrated solutions for naval platforms, Raytheon leveraged its expertise in complex subsystems and component manufacturing to fulfill this contract. The fixed-price incentive structure provided performance incentives while maintaining cost control, enabling the Navy to modernize its submarine and surface ship capabilities through the delivery of advanced torpedo systems and related technical support.