Navy awards $743M in missile development contracts to defense firms
What happened
The U.S. Navy awarded five prototype Other Transaction Authority agreements for the SLCM-N nuclear-armed sea-launched cruise missile, totaling approximately $743.6 million. These agreements cover missile development, flight system integration, and canister development. Separately, BAE Systems received a $94.6 million contract for engineering, technical, and programmatic services supporting the missile program.
From executivegov.com
Why it matters
The contracts advance the development of the SLCM-N missile system. The awards provide significant funding to defense contractors, supporting their involvement in strategic systems programs and missile development efforts.
From executivegov.com
Who's involved
- BAE SystemsReceived a $94.6 million contract for engineering and technical services.
- RaytheonSelected for flight system integration and missile development.
- LeidosSelected for flight system integration and missile development.
- DyneticsSelected for flight system integration and missile development.
- Naval Surface Warfare Center Crane DivisionAwarded the initial prototype effort for the SLCM-N.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BAE SystemsSpeculative
BAE Systems might see increased revenue from the engineering and programmatic services contract.
- RaytheonSpeculative
RTX could see increased revenue due to the contract awards for SLCM-N.
- LeidosSpeculative
Leidos could see increased revenue from the missile development contracts.
- DyneticsSpeculative
Dynetics could see increased revenue from the flight system integration contract.
- Naval Surface Warfare Center Crane DivisionSpeculative
Naval Surface Warfare Center Crane Division could see increased operational funding for the SLCM-N initiative.
Keep exploring
The entities involved
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BAE Systems
defense, security and aerospace company
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Raytheon
defunct American industrial corporation (1922–2020)
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Leidos
defense, aviation, information technology, and biomedical research company based in Reston, Virginia, United States
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Congress
US record label; imprint of Congress Record Corp.