Navmar wins Navy antisubmarine target system contract

February 1, 2012 - via Philadelphia Business Reporter

Navmar Applied Sciences Corp. is being awarded a $9.64 million contract by the Navy to advance the development of a “Mobile Shallow Water Antisubmarine Target System,” the Defense Department said in its Tuesday contract announcements. http://www.defense.gov/contracts/contract.aspx?contractid=4716

The contract calls for Navmar to build a prototype version of the system based on a design it developed under a previous Navy contract.

Navmar will perform 60 percent of the work in Lexington Park, Md., 35 percent at its Warminster, Pa., headquarters and the remaining 5 percent at various testing locations in the United States and abroad. The Navy expects it to be done with the work by January 2015.

External link: http://www.bizjournals.com/philadelphia/news/2012/02/01/navmar-wins-navy-antisubmarine-target.html

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Author:Peter Key

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