Raytheon Company wins $434 million contract modification for AIM-9X tactical missiles
22 January 2019
WALTHAM, Mass., Jan. 17, 2019 /PRNewswire/ -- 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.
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 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.
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