NextGen Submarine Rescue System (SRS) Industry Day Announcement
NAVSEA, naval shipyards and surface/undersea warfare centers · NAVSEA HQ
Capture briefs (a one-page, shareable copy of this page) are part of Pro. The CSV here holds the notice, its timeline and past awards.
Where this opportunity stands
Every notice posted under solicitation N00024-26-R-6116 in this department, oldest first.
- Jun 18, 2026Special NoticeOpen
- Aug 7, 2026 · this noticeSpecial Notice
Next steps for this stage
Standard steps for the notice type; not advice about this buyer.
- Answer the notice: this is when the requirement can still be shaped.
- Contact the contracting officer named on the notice.
- Check who won similar work; they are the likely bidders.
What the notice says
? NextGen Submarine Rescue System (SRS) Industry Day Announcement Host: U.S. Department of the Navy (USN) | DRPM I&I | Undersea Special Mission Systems Program Office (PMS390) The Navy is advancing its submarine rescue capabilities and is seeking industry input to replace the current system. This unclassified Industry Day facilitates discussion on innovative ideas, technical offerings, challenges, and emerging technologies as PMS390 conducts market research for the next-generation submarine rescue system. ? Event Overview & Logistics Parameter Details Date & Time: September 2, 2026 at 09:00 AM… (show all)
EDT (Follow-on meetings scheduled through September 3, 2026, if needed) Location: 1100 New Jersey Ave SE, Washington, DC 20003 Classification: Unclassified Format: In-Person Only (No virtual attendance option available) Foreign Nationals: Eligible to attend (Requires completed Foreign Visitor Request (FVR) form attached to the original notice) Capacity Limit: Maximum of three (3) representatives per company/organization Security/Check-in: Valid government-issued photo ID required. No audio/visual recording devices permitted. ?? Technical Objectives & System Characteristics PMS390 seeks innovative solutions to replace the current submarine rescue capability within five (5) years of a design development contract award. Key Capabilities Required: Materiel Solution: Multiple, commercially classified, small, and highly transportable rescue vehicles. Decompression Capabilities: Built directly into the design of the rescue vehicles, alongside executing Disabled Submarine (DISSUB) survivor rescues. Performance Goals: High operational availability, rapid transportability, highly sustainable configuration, fast "time to first rescue," and reduced overall life-cycle Program costs. Certification: Final solution must be commercially certified by an International Association of Classification Societies (IACS) member. Flexibility: PMS390 is open to all contracting, ownership, operation, maintenance, and supportability strategies. Additional Notes: The Government is seeking full solutions to be presented during the one-on-one discussions. PMS390 is collaborating with some Foreign Partners. Please ensure the materials shared are marked in a way that authorizes them to be shared with United States Government, PMS390 Support Contractors, and military Foreign Partners, at a minimum from the United Kingdom and Australia. If an NDA is required from our PMS390 support contractors, please include that with your abstract submission. Abstracts provided will be reviewed to make a selection for one-on-one meetings (30-45min). The selected companies will be notified by August 21st. The Initial Capabilities Document (ICD) has been added to this announcement to provide essential context. As the precursor to the formal Requirements Development phase of the acquisition process, the ICD outlines capability gaps identified by the Fleet. Please note that this acquisition focuses primarily on Submarine Rescue and Decompression efforts, subset of those identified gaps. The desired design characteristics published in the original Industry Day announcement continue to directly align with the primary objectives of this acquisition. Note: Additional desired system characteristics are enclosed in the main attachment of this announcement. ?? Industry Day Agenda (September 2, 2026) Duration Session Type Description 60 Minutes Navy Program Overview Presentation of current requirements, general system expectations, the materiel solution framework, and the path forward. 30 Minutes Open Q&A Forum Moderated session for open-floor questions from attendees. 30 Minutes (Each) One-on-One Meetings Private sessions for registered and approved companies to discuss proprietary capabilities and solutions. ?? Registration & One-on-One Requests To participate, companies must register and submit their details before the deadline. Registration Deadline Thursday, August 6, 2026, by 15:00 EST Primary Action POC LT Matthew Mitchell matthew.a.mitchell53.mil@us.navy.mil Carbon Copy (CC) Mr. Matt Hedrick matthew.c.hedrick.civ@us.navy.mil Required Registration Details: Primary Point of Contact (Name, Email, Phone Number) Company/Organization Name & Physical Address Full names of up to three (3) designated attendees Completed Foreign Visitor Request (FVR) forms (if applicable) One-on-One Meeting Abstract Requirements: If your company wishes to reserve a private, 30-minute session, you must request it in your registration email and attach an Abstract. Content: Propose specific solutions and technical ideas aligned directly with the materiel solution and desired system characteristics. Exclusion: Generic corporate capability statements will not be accepted or considered for a one-on-one session. Note: Government representatives will review all abstracts and select companies for the limited one-on-one slots. Approved companies will be notified of their scheduled times. ?? Important Notices & Disclaimers Public Q&A: The Government may post a sanitized version of all questions and answers stemming from this event to the Procurement Integrated Enterprise Environment (PIEE) and System for Award Management (SAM) websites. No Commitment: This announcement is for market research and information gathering only. It is not a Request for Proposals (RFP) and does not commit the U.S. Government to issue a solicitation or award a contract. No Reimbursement: The Government will not reimburse any costs associated with preparing information, responding to this announcement, or traveling to/participating in this event.
Who won similar work
54 award notices on SAM.gov in the last 24 months. Matched by: Same office (NAVSEA HQ), same product/service code (PSC) 1905 and NAICS 336611.
Single-winner award sizes (54): middle half $98.8M to $1.7B, median $762.4M; range $2.4M to $29.8B.
| Winner | Awards | Value | Last |
|---|---|---|---|
| ELECTRIC BOAT CORPORATION · $GD · $42.3B | 13 | $52.1B | Sep 30, 2026 |
| HUNTINGTON INGALLS INCORPORATED · $HII · $11.5B | 5 | $2.0B | Sep 9, 2026 |
| METRO MACHINE CORP. · $GD · $42.3B | 2 | $1.4B | Sep 3, 2025 |
| BAE SYSTEMS NORFOLK SHIP REPAIR INC. | 2 | $831.1M | Nov 4, 2025 |
| WALASHEK INDUSTRIAL & MARINE, INC. | 2 | $105.1M | Aug 19, 2026 |
| TOTE SERVICES, LLC | 1 | $2.6B | Jul 13, 2026 |
| DELPHINUS ENGINEERING, INC. | 1 | $1.9B | Sep 3, 2025 |
| EPSILON SYSTEMS SOLUTIONS INC | 1 | $1.9B | Sep 3, 2025 |
| Colonna's Ship Yard, Incorporated | 1 | $1.9B | Sep 3, 2025 |
| EAST COAST REPAIR & FABRICATION, LLC | 1 | $1.9B | Sep 3, 2025 |
Value counts single-winner awards. "Shared" awards are multiple-award contracts that list every winner with the same total ceiling; that ceiling is not one company's win, so it is not added in. Revenue next to a ticker is the company's last annual revenue from its 10-K.
- $GD reported $42.3B revenue in FY2025. The median single-winner award in these 54 past awards, $762.4M, is 2% of that. 10-K
- $HII reported $11.5B revenue in FY2025. The median single-winner award in these 54 past awards, $762.4M, is 7% of that. 10-K
One award's total value against one year of revenue; many awards are paid over several years.
- Sep 30, 2026ELECTRIC BOAT CORPORATION$99.3MPost Award Synopsis VIRGINIA Class Materials BOA Order (FY26)Materiality: 0.23% of $GD revenue (Low) SEC
- Sep 30, 2026ELECTRIC BOAT CORPORATION$79.5MPost Award Synopsis VIRGINIA Class Materials BOA Order (FY26)Materiality: 0.19% of $GD revenue (Low) SEC
- Sep 30, 2026ELECTRIC BOAT CORPORATION$60.7MPost Award Synopsis VIRGINIA Class Materials BOA Order (FY26) Sep 30,Materiality: 0.14% of $GD revenue (Low) SEC
- Sep 9, 2026HUNTINGTON INGALLS INCORPORATED$742.8MLittoral Combat Ship Planning Yard Support AwardMateriality: 6.5% of $HII revenue (High) SEC
- Aug 19, 2026WALASHEK INDUSTRIAL & MARINE, INC.$62.4MN0002426C4434 Contract Modification - Boilers Repair and Maintenance for LHDsNo listed company matched (Materiality N/A)
- Jul 30, 2026ELECTRIC BOAT CORPORATION$29.8BColumbia Class Ballistic Missile Submarines SSBN 828 through SSBN 832 (Build II)Materiality: 70.4% of $GD revenue (High) SEC
- Jul 13, 2026TOTE SERVICES, LLC$2.6BMedium Landing Ship (LSM) Vessel Construction Manager (VCM) Solicitation # N00024-26-R-2421No listed company matched (Materiality N/A)
- Apr 23, 2026ORBIS SIBRO INC$1.9BIndefinite Delivery Indefinite Quantity (IDIQ) Multiple Award Contract (MAC) for Outsourcing Work from Chief of Naval Operations (CNO) Availabilities on Fast Attack SubmarinesNo listed company matched (Materiality N/A)
- Apr 15, 2026Marinette Marine Corporation$30.0MLLTM & Advanced Engineering UCA - Construction of four (4) Medium Landing Ships (LSMs) Block 1No listed company matched (Materiality N/A)
- Apr 7, 2026ELECTRIC BOAT CORPORATION$2.5BVIRGINIA Class Submarines Lead Yard Support and Development Studies and Design effortsMateriality: 5.9% of $GD revenue (High) SEC
Materiality: one award's value as a share of the winner's revenue over the latest 12 months in its SEC filings (or its last fiscal year, as noted when you point at it). Low under 1%, Medium 1 to 5%, High 5% or more. Many awards are paid over several years, so this overstates a single year's share.
Competitive landscape
For the 8 most frequent past winners above. Lobbying is matched by the company's exact name or exact ticker; agencies are as named on the filings.
- 2 of these past winners lobbied Navy, Dept of or U.S. Marines since 2024 (20 filings)
- 0 of their lobbyists list a past Navy, Dept of or U.S. Marines job
- $597K from their corporate PACs since 2024 to members of House Committee on Appropriations, House Committee on Armed Services, Senate Committee on Appropriations, Senate Committee on Armed Services
- 0 foreign-agent (FARA) registrations
Policy around it
Bills the past winners named while lobbying this agency's issues, rules from the department, and executive orders that name the agency, last 12 months.
- 8 bills named on the past winners' lobbying filings
- 32 rules from the department in the last 12 months
- 0 executive orders naming the agency in the last 12 months
Market
For past winners matched exactly to a listed company. Insider trades are open-market buys and sells (Form 4) in the last 90 days, shown as facts; our own study found insiders do not reliably buy ahead of awards. A sale marked 10b5-1 was made under a trading plan set up in advance.
- 2 of the past winners are listed companies
- 0 insider buys and 5 insider sells at them in the last 90 days
Sources: SAM.gov notices and award notices; Senate LDA lobbying filings; FEC filings; FARA; Federal Register; congress.gov; SEC Form 4. Every row above links to its record.
Companies are matched to tickers by exact name only. A company we could not match shows no market rows; that is a miss, not a finding.