Raytheon To Provide MK 54 Lightweight Torpedo Kits To US Navy

Raytheon is being awarded a $37 million contract for the procurement of MK 54 lightweight torpedo common parts kits.

The contract also includes MK 54 Mod 0 lightweight torpedo kits; and MK 54 exercise fuel tanks, spares, production support material, engineering support, and hardware repair support. This contract includes options which, if exercised, would bring the cumulative value of this contract to $448 million, US department of defense said in a statement Thursday.

This contract combines purchases for the U.S. Navy and the Government of Thailand. Work is expected to be completed by May 2019.