MELBOURNE, Fla.--(BUSINESS WIRE)--TSS Solutions, a global defense electronics company focused on the repair, modernization, operations, maintenance, and leasing of radar systems, has been selected as a prime contractor on the U.S. Navy’s SeaPort Next Generation (SeaPort NxG) contract.
Seaport NxG is an Indefinite Delivery Indefinite Quantity (IDIQ) Multiple Award Contract (MAC) with an ordering period extending to January 1, 2029. As a prime contractor, TSS Solutions is now eligible to respond to task orders that support the U.S. Navy and Marine Corps in a range of functional areas, including engineering services and support, testing and evaluation, research and development, and program/administrative management, among others.
The award represents another milestone for TSS Solutions, an Acorn Capital Management company, founded in 1991. The designation as a prime contractor reaffirms TSS Solutions’ commitment to deliver industry-leading, cost-effective products and services in support of the U.S. military and its allies.
“Being selected as a SeaPort NxG prime contractor demonstrates that TSS Solutions is part of a premier class of contractors entrusted to support the Navy’s current and future needs at a time when the global threat environment is changing at a rapid pace,” said Don DiFrisco, President and CEO of TSS Solutions. “TSS is committed to ensuring that the technology supporting the Navy’s defense capability addresses the full threat spectrum in current and future scenarios.”
The IDIQ contract has a ceiling of $5 billion and includes a 10-year period of performance.
SeaPort NxG is an integrated approach to contracting for professional services in support of the Navy Virtual SYSCOM Commanders (NAVAIR, NAVFAC, NAVSEA, NAVSUP, NAVWAR, and ONR), Military Sealift Command (MSC) and the United States Marine Corps (USMC). SeaPort NxG preapproves a large and diverse community of contractors through a process called Rolling Admissions. Once approved, contractors bid on work, individually or in teaming arrangements.
TSS Solutions is the defense electronics leader in upgrading, reengineering, repairing, and operating ground-based tactical and fixed position radar and satellite communications systems. TSS Solutions serves the global defense, telecommunications, and commercial industries. The Company is committed to building innovative products and delivering world-class engineering and technical services to support customers' missions globally. The team at TSS Solutions proudly supports the United States and its allies who protect national interests and preserve freedom and stability around the world. www.tsssolutions.com
Acorn Capital Management is a middle-market private equity firm focused exclusively on Aerospace, Defense, Space, and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the Aerospace and Defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders. AcornCapitalManagemement.com
