
The Navy picked Leidos [LDOS] over three other bidders for a $12 million contract for the design of the Medium Unmanned Undersea Vehicle (MUUV). The contract includes options that, if exercised, would raise the total value up to $358 million. The work will mostly occur in Lynwood, Wash. (70 percent); Arlington, Va. (10 percent); Newport, R.I. (10 percent) and other U.S.-based locations. It is expected to be finished by June 2023, but if all options are exercised the work will…