Raytheon Company Wins $434 M Contract Modification for AIM-9X Tactical Missiles

Raytheon Company (NYSE: RTN) was awarded the following contract as announced by the Department of Defense on December 28, 2018 .

Raytheon Missile Systems, Tucson, Arizona , is awarded a not-to-exceed $434,389,104 for an undefinitized modification P00001 to a previously awarded, fixed-price-incentive-firm contract (N00019-18-C-1068). This modification provides for the procurement of AIM-9X Lot 18 production requirements to include 766 AIM-9X Block II all up round tactical missiles. Fiscal 2017 and 2018 missile procurement (Air Force); fiscal 2017 and 2018 weapons procurement (Navy); fiscal 2018 research, development, test and evaluation (Navy); and foreign military sales funds in the amount of $321,622,863 will be obligated at time of award, $8,527,158 of which will expire at the end of the current fiscal year.  The Naval Air Systems Command, Patuxent River, Maryland , is the contracting activity.

Source: Raytheon Corporation (NYSE: RTN)
Date: Jan 17, 2019