Raytheon Awarded US Navy Systems Contracts With Combined Potential Value of Nearly USD 72M
Raytheon Company (NYSE: RTN) has received two separate contract awards from the Naval Sea Systems Command (NAVSEA) of the United States Navy for work on: the Phalanx, SeaRAM and Land-based Phalanx weapons systems; and on NATO SEASPARROW surface missile systems.
The combined value of the two contracts, which were announced on Dec. 27 by the Department of Defense, could near $72 million should NAVSEA exercise all options on the SEASPARROW contract.
The Missiles Market 2011-2021
Raytheon Company, Tucson, Ariz., is being awarded a $45,588,204 cost-plus-fixed-fee contract for design agent engineering and technical support services for Phalanx, SeaRAM and Land-based Phalanx Weapon Systems. The Phalanx Close-In Weapon System is a fast-reaction terminal defense against low- and high-flying, high-speed maneuvering anti-ship missile threats that have penetrated all other defenses.
Raytheon Company, Portsmouth, R.I., is being awarded a $21,066,612 not-to-exceed letter contract for NATO SEASPARROW surface missile systems MK57 MOD 12/13, guided missile launching system MK29 MOD 5, and assorted spares. This contract includes options which, if exercised, would bring the cumulative value to $26,350,589.
Source : Raytheon Corporation (NYSE: RTN)
Aug 20 - 21, 2014 - Kuala Lumpur, Malaysia
Sep 22 - 25, 2014 - Austin, United States
Sep 29 - Oct 1, 2014 - Rome, Italy