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Monday, Mar 18, 2024
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U.S. Navy Awards Three-Year Contracts to Four Companies

Four companies — Booz Allen Hamilton Inc., G2 Software Systems Inc., Kratos Defense & Security Solutions Inc. and Science Applications International Corp. — received U.S. Navy contracts to provide technical support to SPAWAR, the San Diego-based Space and Naval Warfare Systems Command.

Work will be performed in San Diego.

Each company received indefinite-delivery, indefinite-quantity contracts good for three years. The Navy may award one or two additional years of work at its option.

This is just a halfway point for the companies. The four will now compete for task orders under the contracts. The task orders will cover various specialties, including project management, systems engineering, research, test and evaluation, logistics, integration, technical troubleshooting, installation and security.

The Booz Allen (NYSE: BAH) contract has a maximum value of $19.2 million. Privately held G2 received a contract with a ceiling of $24.5 million. Kratos Defense (Nasdaq: KTOS) received a contract with a ceiling of $21.4 million. The SAIC (NYSE: SAIC) deal has a ceiling of $26.7 million. If the Navy customer exercises all of its options, companies stand to make between $32.5 million to $45 million.

SPAWAR Systems Center Pacific announced the business on the Federal Business Opportunities website and the SPAWAR e-Commerce Central website. The command received four offers for the work and awarded four contracts.

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