June 20 (UPI) — The U.S. Navy has awarded Metron Inc. with a contract for advanced modular payloads for unmanned undersea vehicles.
The deal, announced Tuesday, is valued at more than $8 million under the terms of a cost-plus-fixed-fee contract for an “effort titled advanced modular payloads unmanned undersea vehicles,” the Department of Defense said in a press release.
Options built-in to the contract would surge its overall total cumulative value to more than $21 million if exercised.
Work on the contract will occur in Reston, Va., and is expected to be complete in December 2019.
More than $2.7 million will be obligated to Metron Inc., from defense fiscal 2017 research, development, test and evaluation funds and $35,000 will be obligated from Navy fiscal 2018 research, development, test and evaluation funds.
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