An electrical energy solutions company based in Milton has been awarded one of two contracts by the Department of Defense to make backup submarine batteries for the U.S. Navy.
The Department of Defense announced that Exide Technologies had won the bid in a May 25 press release. Exide made an offer on the contract through the Federal Business Opportunities website, edging out two other offers.
The contract comes with a five-year ordering period and an aggregate ceiling of $75 million.
Exide will be making “submarine valve regulated lead acid battery cells” along with packaging, storage, trays, tray lid covers and battery cell boosting for the Navy.
The batteries will provide an emergency backup power supply for the nuclear reactors onboard strategic and fast-attack nuclear submarines, the Department of Defense said.
Exide will build these for the Navy in Fort Smith, Arkansas and work is expected to be completed by May 2023.
The Milton-based company was founded in 1888 as the “Electric Storage Battery Company” by W.W. Gibbs. The company’s batteries powered torpedoes in World War II and the company worked with NASA on the first lunar landing model, according to Exide’s website.
Exide’s “global technology center” opened in Milton in 2010.