JRC Integrated Systems secured a $47.4 million contract modification from the Navy's Strategic Systems Programs to support the SLCM-N nuclear cruise missile program. The effort runs through 2030 and covers systems engineering, test engineering, and modeling and simulation.
What's happening
- JRC Integrated Systems received a $47.4 million cost-plus-fixed-fee contract modification on Sept. 17 from Strategic Systems Programs.
- The modification funds technical and engineering support for SLCM-N through 2030, including systems engineering, integration, test engineering, and modeling and simulation.
- The work was awarded under a previously existing contract with optional line items included in the modification value.
Why it matters
- SLCM-N is a cornerstone of the Navy's sea-based nuclear deterrent modernization, and sustained engineering support is critical to development and eventual fielding.
- The contract extension through 2030 signals continued program momentum and reduces production risk for this strategic nuclear weapon system.
Financial impact
- JRC will recognize $47.4 million in revenue on a cost-plus-fixed-fee basis over the contract period through 2030, with timing dependent on performance milestones.
- The modification increases JRC's backlog in strategic systems support work, providing revenue visibility into the next several years.
The fine print
- The $47.4 million figure includes optional line items whose exercise depends on program requirements and Navy budgetary decisions.
- Exact timing of revenue recognition is not disclosed; payment will follow the cost-plus-fixed-fee structure tied to completion of deliverables.