Raytheon awarded USD12.9M Cooperative Engagement Capability contract
Raytheon Company (NYSE: RTN) has been awarded a $12,921,937 modification to a previously awarded contract to exercise options for Cooperative Engagement Capability (CEC) for the AN/USG-2B Shipboard System and three planar array antenna assembly systems.
CEC is a sensor netting system that significantly improves battle force anti-air warfare capability by extracting and distributing sensor-derived information such that the superset of this data is available to all participating CEC units. CEC improves battle force effectiveness by improving overall situational awareness and by enabling longer range, cooperative, multiple, or layered engagement strategies.
Fiscal 2013 Navy funding in the amount of $6,034,545 and fiscal 2014 in the amount of $6,887,392 will be obligated at time of award and will not expire at the end of the current fiscal year. Work will be performed in St. Petersburg and Largo, Fla., and is expected to be completed by September 2014. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
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Source : Raytheon Corporation (NYSE: RTN)