TEWKSBURY, Mass., Aug. 29, 2016 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) has been awarded a $37,723,774 firm-fixed-price,
fixed-price-incentive, cost and cost-plus-fixed-fee contract for
the procurement of MK 54 lightweight torpedo common parts kits; MK
54 Mod 0 lightweight torpedo kits; and MK 54 exercise fuel tanks,
spares, production support material, engineering support, and
hardware repair support.
This contract includes options which, if exercised, would bring
the cumulative value of this contract to $448,737,790. This contract combines purchases
for the U.S. Navy (98 percent) and the Government of Thailand (2 percent) under the Foreign
Military Sales Program.
Work will be performed in Keyport,
Washington (70 percent); Portsmouth, Rhode Island (25 percent); and
Tewksbury, Massachusetts (5
percent) and is expected to be completed by May 2019. Fiscal 2016 weapons procurement (Navy),
fiscal 2016 weapons procurement spares (Navy), and foreign military
sales funding in the amount of $36,113,068 will be obligated at time of award
and will not expire at the end of the current fiscal year. This
contract was competitively procured via the Federal Business
Opportunities website, with two offers received. The Naval Sea
Systems Command, Washington,
District of Columbia, is the
contracting activity (N00024-16-C-6423).
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, C5ITM products
and services, sensing, effects, and mission support for customers
in more than 80 countries. Raytheon is headquartered in
Waltham, Massachusetts. Follow us
on Twitter @Raytheon.
Media Contact
Carolyn
Beaudry
+1.401.842.3550
idspr@raytheon.com
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SOURCE Raytheon Company