Five things to watch in markets in the week ahead
Investing.com -- Leonardo DRS has been awarded a fixed-price incentive contract worth $18,775,917 by the U.S. Department of Defense for logistics support of the Tunner Aircraft Cargo Loader.
The contract, announced as a sole-source bridge acquisition, requires the Bridgeton, Missouri-based company to provide material management infrastructure, parts, and program engineering support for the cargo loading system.
Work under the contract will be performed at the company’s Bridgeton facility and is scheduled to be completed by November 22, 2025.
The Air Force Life Cycle Management Center at Robins Air Force Base in Georgia is serving as the contracting activity for this project, which was awarded on November 22, 2024.
Funding for the contract will come from fiscal 2025 operations and maintenance funds, which will be obligated at the order level, according to the Department of Defense announcement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.