Updated July 2 at 5:02pm

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DEFENSE Industry

Raytheon lands $45.3M Navy contract extension

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WALTHAM, Mass. – Raytheon Co. has been awarded a $45.3 million U.S. Navy contract extension to provide hardware, test equipment and services for the MK 54 lightweight torpedo, the company announced Thursday.

The award represents an exercised option of a current Navy contract for MK 54 torpedo kits.

Raytheon’s Team Torpedo will provide services to the U.S. fleet inventory and in support of foreign military sales to the Royal Australian Navy and the Indian Navy.

“As enemy submarines remain a threat to security, stability and access to the world’s oceans, naval forces worldwide require a reliable and effective undersea warfare weapon,” Kevin Peppe, vice president of seapower capability systems for Raytheon’s Integrated Defense Systems business, said in a statement.

“Together with the U.S. Navy, we continue to advance the development of the world’s most effective lightweight torpedo, delivering its proven capabilities to meet the anti-submarine warfare needs of U.S. and allied fleets,” added Peppe.

Team Torpedo is made up of a workforce co-located at the Naval Undersea Warfare Center in Newport and in Keyport, Wash.

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