Serco has been awarded a single-award indefinite-delivery, indefinite-quantity price fighters contract to deliver cost, price and engineering analyses for the US Navy.
Valued at $20m, the contract has a one-year base period and three one-year options, as well as a six-month option period.
Under the contract, Serco will continue to deliver engineering-based cost analysis for the navy, army, air force, and DoD as part of efforts to negotiate lower prices on weapons systems and parts.
Serco chairman and CEO Dan Allen said: "With today's military being asked to do more-with-less, Serco helped pioneer this innovative programme to help the armed forces acquire the best possible defence capabilities while minimising cost and waste.
"As a part of the price fighters programme, Serco will continue to provide contracting officers with the tools and support to make sure that taxpayers are getting full value for their money."
The navy's price fighters programme is aimed to support federal government acquisition officials as they make critical procurement decisions.
Serco previously helped the navy conduct a complete cost analysis of maintaining F/A-18 fighters. This included procuring aircraft support equipment, technical publications, maintenance training, life-cycle planning, and provisioning support.
Using the price fighter rigorous cost report, the navy was able to negotiate a cost reduction of $61m from the initial price.