U.S. Navy awards USD 800 million contract to General Dynamics for MK 54 torpedoes

The work will be carried out in Canonsburg, Pennsylvania, and is scheduled for completion by December 2032. The contract is structured with various pricing mechanisms, including fixed-price-incentive, firm-fixed-price, and cost-plus-fixed-fee components.

Laura Hooks, Vice President and General Manager of Maritime and Strategic Systems at GDMS, highlighted the significance of the deal. She noted that it would ensure U.S. and allied naval forces maintain access to cutting-edge torpedo technology for years to come.

This project leverages the expertise of Progeny Systems, a company acquired by GDMS in 2022. Progeny Systems, headquartered in Manassas, Virginia, specialises in advanced electronics and lifecycle support for submarines and surface ships.