Raytheon Wins $72 M Contract Action for the Production of Aegis Weapon System Fire Control System

Raytheon Company (NYSE: RTN) was awarded the following contract as announced by the Department of Defense on December 26, 2018.

Raytheon Co., Integrated Defense Systems, Marlborough, Massachusetts, was awarded a $72,463,134 firm-fixed-price, cost-plus-fixed-fee, cost-only undefinitized contract action for the production of Aegis Weapon System fire control system MK 99 equipment, Aegis Modernization production requirements, and associated engineering services. Fiscal 2018 shipbuilding and conversion (Navy); fiscal 2018 other procurement (Navy); and fiscal 2018 defense wide procurement funding in the amount of $22,975,534 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity (N00024-19-C-5112). 

Source: Raytheon Corporation (NYSE: RTN)
Date: Jan 22, 2019