The United States Marine Corps (USMC) Program Executive Office – Land Systems (PEO-LS) awarded Science Applications International Corporation (NYSE: SAIC) a prime contract to engineer, design and test upgrades to 10 prototype and 52 LRIP vehicles for the Legacy Assault Amphibious Vehicle (AAV) Personnel Carrier Variant Platform program. The multiple-award, firm fixed-price contract has a 10-month period of performance and an initial contract value of $16 million to execute preliminary and critical design reviews. Additional options for prototype vehicle build and testing followed by low rate initial production may be exercised, resulting in a total contract value of more than $192 million over five years. Work will be performed primarily in Charleston, S.C.
Ship-to-Objective Maneuver is a transformational tactical application of enduring USMC capabilities for Operational Maneuver from the Sea executed by the AAV platform. From ship to shore to objective, the AAV is designed to assault any shoreline from the well decks of Navy assault ships. AAVs are highly mobile, tracked armored amphibious vehicles that transport Marines and cargo to and through hostile territory.
Under the contract, SAIC will update the AAV to provide improved protection while gaining back land and water mobility that improves the AAV's ability to fight.
"SAIC's approach builds upon its successful support to similar vehicles, such as the AAVC7 and Mine-Resistant Ambush Protected class of combat vehicles," said Tom Watson, senior vice president and general manager of the Navy and Marine Corps Customer Group. "SAIC's past performance demonstrates its ability to adhere to schedule, improve existing vehicles from assembly to integration and test, and still reduce risk and cost."
Source: Science Applications International Corporation (SAIC) (NYSE: SAI)
Date: May 27, 2014