Trending...
- DuoKey to Unveil Encrypted Financial Intelligence Use Case at GISEC Global 2025
- Michelle Kerr Makes Strategic Investment in Summit
- Meditech International Inc. and Los Angeles Rams Continue Strategic Partnership to Enhance Athlete Performance and Recovery
CLEVELAND - OhioPen -- The Martin Collier Phillips Corporation recently clinched a contract involving submarines. The award has been offered by the Naval Sea Systems Command, Washington, D.C.
Valued at $23.5 million, the contract is expected to be completed by February 2026. Per the terms of the deal, MCPC can exercise options to provide engineering support for submarine electronic warfare systems on newly constructed and in-service submarines.
The work related to this deal will be executed in Wilmington, NC.
Rising military conflicts, terrorism and border disputes have driven nations to focus more on national security and investments in enhancing their submarine fleet. This surge is fueled by the increasing demand for advanced technologies like stealth capabilities, underwater surveillance, advanced electronic warfare systems and long-range strike systems, as well as the growing complexity of modern naval warfare.
More on Ohio Pen
This is likely to have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 7.6% for the global submarine market during the 2025-2030 time period.
This is likely to benefit MCPC, a major provider of submarine combat systems for the United States and other countries. The company serves as the U.S. Navy's submarine combat system integrator, covering 72 submarines across multiple classes, working on new builds and upgrades. With more than 40 years of experience, Martin Collier Phillips continues to win contracts for advanced submarine systems. The latest contract win is a prime example.
Valued at $23.5 million, the contract is expected to be completed by February 2026. Per the terms of the deal, MCPC can exercise options to provide engineering support for submarine electronic warfare systems on newly constructed and in-service submarines.
The work related to this deal will be executed in Wilmington, NC.
Rising military conflicts, terrorism and border disputes have driven nations to focus more on national security and investments in enhancing their submarine fleet. This surge is fueled by the increasing demand for advanced technologies like stealth capabilities, underwater surveillance, advanced electronic warfare systems and long-range strike systems, as well as the growing complexity of modern naval warfare.
More on Ohio Pen
- Pathways to Adulthood Conference May 17 at Melville Marriott Honoring NYS Assembly Member Jodi Giglio, Suffolk County Legislator Nick Caracappa
- Adster Techologies awarded US Patent for breakthrough innovation in reducing latency in Ad Serving
- Robert Fabbio Inducted into the Austin Technology Council Hall of Fame
- KRATON ANNOUNCES DECISION TO EXIT DOVER SITE TO FOCUS ON CORE BUSINESS GROWTH
- Goodyear Completes Sale of Dunlop Brand
This is likely to have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 7.6% for the global submarine market during the 2025-2030 time period.
This is likely to benefit MCPC, a major provider of submarine combat systems for the United States and other countries. The company serves as the U.S. Navy's submarine combat system integrator, covering 72 submarines across multiple classes, working on new builds and upgrades. With more than 40 years of experience, Martin Collier Phillips continues to win contracts for advanced submarine systems. The latest contract win is a prime example.
Source: Martin Collier Phillips Corporation
0 Comments
Latest on Ohio Pen
- Whistleblower Seeks SEC and Shareholder Review of Cogent Communications' 2003 Acquisition of FNSI
- Sanders® Celebrates 150 Years with an Immersive NYC Experience, Food Truck Tour, and Exciting New White Chocolate Caramel Creations
- $56.7 Million Announced in Q1 2025 with Revenue Growth and Progress Toward NASDAQ Uplisting for AI Marketing Company: IQSTEL, Inc. Stock Symbol: IQSTD
- SAVVY MINING raised $500 million and launched BTC.XRP.DOGE cloud mining, increasing investors' returns by 30%
- New National Nonprofit Launches to Capture Firsthand Accounts of Adoption Stories
- The Tide Project Opens at Biennale Architettura 2025 in Venice Amplifying Youth Voices
- Wall Street analysts say BTC.XRP.DOGE cloud mining company SIX MINING is expected to achieve a 5-fold increase, allowing users to easily mine BTC
- Gen X Takes The Reins: New Book Guides Caregivers Juggling Parents, Kids, And Grandkids With Humor And Heart
- Fray Fitness Launches Memorial Day Sale and Veteran Organization Giveaway
- ABM for Good™ Launches First Project with Build Change
- ProfiSignal 20 Update Provides Significant Features
- ImagineX, in Collaboration with Qualys, Launches New mROC Services to Transform Enterprise Cyber Risk Management
- Ditch Micromanagement: New Leadership Book for Results-Driven, Accountability-Based Teams
- Jay Tapp was named Managing Director in British Columbia
- Hubei Heavy Equipment Makes a Striking Appearance at CIMT and Competes with International Brands
- 20 Patents Issued Worldwide, Cementing Company Leadership. First Ever Cable-Free 12-Lead ECG: HeartBeam, Inc. (Stock Symbol: BEAT)
- NASDAQ Uplisting for Higher Market Exposure and Wide Corporate Benefits to AI Boosted Marketing Company On Track Towards $1 Billion Revenue by 2027
- Congressional Men's Health Caucus Shows Bipartisan Consensus and Focus on Prevention, Mental Health, and Closing the Lifespan Gap
- Trailhead Biosystems Secures $20 Million to Drive Innovation and Accelerate Growth
- DuoKey, Axiomtek and Blue Edge Network Partner to Enhance Smart Cities with Privacy-Preserving Urban Safeguarding and Fleet Management