Raytheon awarded $298 M for USAF FAB-T satellite terminal program
Raytheon Company (NYSE: RTN) has been awarded a $298,000,044 firm-fixed-price and cost-plus-fixed-fee modification for the Family of Advanced Beyond Line of Sight Terminals (FAB-T) Command Post Terminals (CPT) Production program.
As a result of this down-select decision, low rate initial production, full rate production and interim contractor support contract options may be exercised to deliver FAB-T CPT-Only Terminals. The Phase 2 production contract options for LRIP, FRP, and ICS may be exercised after completion of Milestone C.
Analysis of the Global Military Satcom Applications Market
Work will be performed in Marlborough, Massachusetts and Largo, Florida. Fiscal 2013 through 2019 aircraft and other procurement funds are programmed for this effort, with $31,274 being obligated at time of award.
Two bids were solicited and two received. Air Force Life Cycle Management Center/HNSK, Hanscom Air Force Base, Massachusetts, is the contracting activity.
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Source : Raytheon Corporation (NYSE: RTN)
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