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.
Military Land Vehicle Electronics (Vetronics) Market Forecast 2015-2025
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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