TEWKSBURY, Mass., June 3, 2016 /PRNewswire/ -- Raytheon
Company (NYSE: RTN) has been awarded a $365,848,801 fixed-price-incentive,
cost-plus-fixed-fee contract for the production of Aegis Weapon
System AN/SPY-1D(V) Radar Transmitter Group, Missile Fire Control
System MK 99 equipment, and associated engineering services.
This contract includes options which, if exercised, would bring
the cumulative value of this contract to $423,056,873. This contract combines purchases
for the U.S. Navy and the governments of the Republic of Korea and
Japan under the Foreign Military
Sales program. This contract was previously announced by the
Department of Defense on May 27,
2016.
Work will be performed in Andover,
Massachusetts (78.3 percent); Marlborough, Massachusetts (19.3 percent);
Waterloo, Ontario, Canada (1
percent); Moorestown, New Jersey
(0.9 percent); and Chesapeake,
Virginia (0.5 percent), and is expected to be completed by
October 2022.
Raytheon Co., Integrated Defense Systems, Marlborough, Massachusetts, Fiscal 2016
shipbuilding and conversion (Navy); and foreign military sales
funding in the amount of $365,848,801
will be obligated at the time of award and contract funds will not
expire at the end of the current fiscal year.
This contract was not competitively procured in accordance with
10 U.S. Code 2304 (c)(4). The Naval Sea Systems Command,
Washington, District of Columbia, is the contracting activity
(N00024-16-C-5144).
About Raytheon
Raytheon Company, with 2015 sales of $23
billion and 61,000 employees, is a technology and innovation
leader specializing in defense, civil government and cybersecurity
solutions. With a history of innovation spanning 94 years, Raytheon
provides state-of-the-art electronics, mission systems
integration, C5I™ products and services, sensing,
effects, and mission support for customers in more than 80
countries. Raytheon is headquartered in Waltham, Mass. Visit us at www.raytheon.com
and follow us on Twitter @Raytheon.
Media Contact
Carolyn
Beaudry
+1.401.842.3550
idspr@raytheon.com
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SOURCE Raytheon Company