Martin Collier Phillips Corporation Secures a Contract to Support Submarines

CLEVELAND - Feb. 12, 2025 - PRLog -- 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.

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.