June 21 (UPI) — Northrop Grumman Systems Corp. has been awarded a contract for support of the Mk 48 heavyweight torpedo for the U.S. Navy.
The deal, announced Wednesday by the Department of Defense, is valued at $17.9 million under cost-plus-incentive-fee, cost-plus-fixed-fee and cost-only contract for engineering and maintenance services.
The contract provides the commanders of the submarine forces of the Navy’s Atlantic and Pacific fleets with about 56,160 hours per year to operate the progressive depot-level repair facility and provide repairs for exercise of the torpedo to ensure it meets fleet readiness, training and tactical commitments.
Work will be performed in Yorktown, Va., and is expected to be complete by September 2018.
The Navy has obligated $859,537 to Northrop Grumman at the time of award from fiscal 2018 Navy operations and maintenance funding, which will expire at the end of the fiscal year.