Raytheon Awarded $26 M Life Cycle Engineering and Support Contract
Raytheon Company (NYSE: RTN) has been awarded a $26,050,551 cost-plus-fixed fee contract for life cycle engineering and support services for LPD 17 class integrated shipboard electronic systems. This contract includes options which, if exercised, would bring the cumulative value of this contract to $132,122,998.
Work will be performed in San Diego, California (90 percent); Norfolk, Virginia (4 percent); Pascagoula, Mississippi (2 percent); Mayport, Florida (2 Percent); and international (2 percent), and is expected to be completed by December 2019.
Global Shipborne Radar Market, Forecast to 2021
This contract was not competitively procured in accordance FAR 6.302-1(a)(2)(iii). The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity (N00024-15-C-2414).
Source : Raytheon Corporation (NYSE: RTN) - view original press release