Raytheon Company (NYSE: RTN) was awarded a $35 million sole-source contract by the U.S. Air Force to provide aircraft integration and life-cycle technical support on an advanced bomb carriage and release system for aircraft. The advanced system will allow both the Air Force and U.S. Navy to perform more missions utilizing less aircraft.
"JMM BRU end users now have a next evolution system that can be integrated with more than 11 different platforms," said Todd Probert , vice president for the Mission Support and Modernization at Raytheon Intelligence, Information and Services. "Our strength in engineering and design allowed us to offer the customer a system with improved combat turn-around time, enhanced system performance and improved warfighter readiness."
The Joint Miniature Munitions Bomb Rack Unit (JMM BRU) indefinite delivery, indefinite quantity contract began October 2014 and has an eight-year period of performance. In addition to being awarded the IDIQ contract, Raytheon has also received its first delivery order.
Source: Raytheon Corporation (NYSE: RTN)
Date: Feb 26, 2015