Raytheon Awarded Contract to Support V-22
Raytheon Company (NYSE: RTN) has been awarded an indefinite delivery, indefinite quantity contract with a potential value of $270 million by the U.S. Navy's Air Systems Command to support V-22 Osprey systems, testing and software. The work will be performed by Raytheon Intelligence, Information and Services at its facility in Indianapolis, Ind.
Under the contract, Raytheon IIS employees will provide V-22 software support activity systems and software engineering, avionics integration, testing, and acquisition support. This work begins this month and is planned to conclude December 2019 .
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"We have been part of the V-22 program since its start. Our expertise in modernizing aircraft like V-22 will ensure its pilots have the best tools to be combat effective and return safely," said Todd Probert , vice president for Mission Support and Modernization. "We continue to focus on affordable solutions that help our customers sustain and modernize their existing fleets instead of bearing the enormous cost of procuring new platforms."
The V-22 is a joint-service, multi-mission combat aircraft that combines the mobility of a helicopter with the long-range, high-speed cruise performance of a turboprop aircraft.
Source : Raytheon Corporation (NYSE: RTN) - view original press release
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