Raytheon has been awarded a USD37,723,774 firm-fixed-price, fixed-price-incentive, cost and cost-plus-fixed-fee contract by the U.S. Navy Naval Sea Systems Command for the procurement of MK 54 lightweight torpedo common parts kits; 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 USD448,737,790. This contract combines purchases for the U.S. Navy and the Government of Thailand under the US foreign military sales program.

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