Missile Defense Agency Awards Raytheon Study Contract for Multi-object Kill Vehicle Concept

The U.S. Missile Defense Agency awarded Raytheon Company a $9,775,608 competitive cost-plus-fixed-fee contract for a Multi-Object Kill Vehicle concept that can destroy several objects within a threat complex by considering advanced sensor, divert and attitude control and communication concepts.

"We fully support the Missile Defense Agency's goal of increasing the effectiveness and reliability of our homeland defense by exploring a wide range of capabilities against long-range ballistic missiles and using proven technologies combined with innovative designs," said Dr. Thomas Bussing, vice president of Advanced Missile Systems.

Raytheon will define critical functional aspects of the concept and propose risk mitigation activities by assessing the technical maturity of the concept, prioritizing and nominating risk reduction tasks for all critical components and describing how the tasks will reduce risk. In addition, a proof-of-concept prototype demonstration program will be defined.

The work will be performed in Tucson, AZ and Huntsville, AL, by Raytheon's Advanced Missiles product line with an estimated completion date of May 2016.

Source: Raytheon Corporation (NYSE: RTN)
Date: Aug 14, 2015