> our title:

Kongsberg Hydroid Expands Framework Agreement with US Navy

> original title:

Kongsberg Hydroid Expands Framework Agreement with US Navy

(Source: Kongsberg; issued Sept 18, 2019)


Kongsberg Hydroid is awarded a MUSD 52.3 firm-fixed-price modification to previously-awarded firm-fixed price, indefinite-delivery/indefinite-quantity for the MK 18 family of unmanned underwater vehicle systems.

This contract includes options which, if exercised, would bring the cumulative value of this contract to MUSD 100, from previously MUSD 48.

-ends-