Raytheon Company (NYSE: RTN) received a border security contract from the Defense Threat Reduction Agency (DTRA) on Sept. 10, 2014 potentially valued at $12.9 million . The base contract award is $6.3 million with options for an additional $6.6 million .
Raytheon will provide border security solutions to help prevent the proliferation of Weapons of Mass Destruction (WMD) and related materials across Moldova's borders. One of the key elements is a real-time electro-optical/infrared surveillance (EO/IR) system that Raytheon will implement and test along high priority border areas. The company will also provide training and sustainment and ultimately transition all capabilities to the government of Moldova.
"Raytheon is now performing border security in Eastern Europe , the Middle East and in Southeast Asia , which helps DTRA make the world more secure," said David Appel , director of Defense and Federal Solutions for Raytheon's Intelligence, Information and Services business. "This win further validates our proven approach to designing and implementing effective border security solutions that support threat reduction with predictable cost, schedule and technical performance."
The eighteen-month base with two several-month options task order was awarded under the Cooperative Threat Reduction Integrating Contract II (CTRIC II). Awarded in April 2011 , CTRIC II is a multiple award indefinite delivery, indefinite quantity contract with a ceiling value of $950 million that supports the DTRA Cooperative Threat Reduction (CTR) program. Since 1994 Raytheon has supported this program, which works to prevent the proliferation of WMD and related materials, technologies and expertise from former Soviet Union states.
Source: Raytheon Corporation (NYSE: RTN)
Date: Oct 3, 2014