Raytheon Company (NYSE: RTN) was awarded a $163,223,113 fixed-price/fixed-price-incentive/cost-plus-incentive contract for Advanced Medium Range Air-to-Air Missiles (AMRAAM) Program Support and Sustainment (PSAS).
The PSAS contract provides sustaining engineering, program management, contractor logistics support and accomplishes the diminishing manufacturing sources and material shortage tasks of extending the life of the AMRAAM Central Processing Unit, improving the AMRAAM guidance section within the current performance envelope and developing applicable test equipment.
Work will be performed at Tucson and is expected to be completed by Jan. 31, 2017. This award is the result of a sole source acquisition. This contract includes both U.S. and foreign military sales repair and service requirements.
AMRAAM is a combat-proven missile that has demonstrated operational flexibility in both air-to-air and surface-launch engagement scenarios and provides today's warfighter with enhanced operational capability, cost effectiveness and future growth options/solutions. Procured by 36 countries, the combat-proven AMRAAM has been operational and integrated on the F-16, F-15, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier, F-4 and the Joint Strike Fighter aircraft. It is also the baseline missile for the National Advanced Surface-to-Air Missile System.
Source: Raytheon Corporation (NYSE: RTN)
Date: Jul 3, 2014