X-Bow Systems has received a potential $69.7 million contract to develop and qualify a solid rocket motor (SRM) booster for a next-generation Navy missile, an award that will enable the company to establish tooling to produce up to 500 of the motors annually, the startup said on Wednesday. Phase 1 of the contract, which is being managed by the Army Contracting Command—Rock Island, is for $50.4 million over one year and covers development and prototyping, A potential $19.3 million Phase…
By