United States, April 24 -- Mikel Inc., Middletown, Rhode Island, is awarded a $43,152,747 firm-fixed-price, cost-plus-fixed-fee, cost only indefinite-delivery/indefinite-quantity type contract for continued Small Business Innovation Research (SBIR) Phase III development, upgrade, production, and delivery of the Submerged Acoustic Navigation System. This contract includes an ordering period of five years. This contract combines purchases for the Navy (92%); and the government of Japan (8%), under the Foreign Military Sales program. Work will be performed in Fall River, Massachusetts, and is expected to be completed in April 2030. Fiscal 2025 shipbuilding and conversion (Navy) funds in the amount of $669,282 (6%); fiscal 2023 shipbuilding and...