Jan 24, 2011 18:38 UTC
On Jan 21/11, Us Navy Space and Naval Warfare Systems Command in San Diego, CA announced a set of 4 multiple-award contracts to install and certify Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems. These systems will be delivered under a combination of cost-plus-incentive-fee, fixed-price-incentive (firm target), firm-fixed-price, and cost-plus-fixed-fee delivery orders as “Government Furnished Equipment” (GFE), for installation on board surface ships, submarines, and shore stations located worldwide.
With the umbrella terms all set, contracts can be placed on behalf of SPAWAR, and also on behalf of other prospective U.S. Government and Foreign Military Sales customers. There’s an initial 3-year base period that runs to 2014, and a 2-year option period that would extend it to 2016. When these contracts were issued, several media outlets added them together, and reported $5+ billion in contracts. That isn’t correct. Here’s what is correct, and how the contracts work…
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