Raytheon awarded $71 million in Navy contracts for missile systems
Investing.com -- BAE Systems (LON:BAES) – San Diego Ship Repair has secured a $64,116,819 firm-fixed-price contract for maintenance, modernization and repair work on the USS O’Kane (DDG 77).
The U.S. Department of Defense announced Thursday that the contract covers the fiscal 2026 docking selected restricted availability for the naval vessel.
The scope of work includes all labor, supervision, equipment, production, testing, facilities, and quality assurance needed to prepare for and accomplish the Chief of Naval Operations Availability for critical modernization, maintenance, and repair programs.
The contract includes options that, if exercised, would increase the total value to $68,483,520.
All work will be performed in San Diego, California, with completion expected by January 2027.
The Navy is funding the project primarily through fiscal 2025 other procurement funds totaling $64,322,679, with an additional $11,442 from fiscal 2025 operation and maintenance funds. The smaller portion will expire at the end of the current fiscal year.
The contract was awarded following a competitive solicitation process that received four offers through the System for Award Management website.
Naval Sea Systems Command in Washington, D.C. is serving as the contracting activity for the project, which was officially awarded on Thursday.
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