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  • Friday, April 19, 2024

Raytheon Wins $265M for Missile Defense Engineering, Laser Bomb Components

Raytheon (NYSE: RTN) has received separate contract awards totaling approximately $265 million from the U.S. Missile Defense Agency and the U.S. Air Force.

The MDA awarded the company a $241, 084, 008 modification for engineering services and material for systems engineering, design and development support.

The award also includes initial hardware fabrication for the Standard Missile-3 Block IIA missile including divert and attitude control system mitigation. The modification increases the total contract value from $334, 532, 300 to $575, 616, 308.

The award the company received from the Air Force includes a $24 million contract for Paveway II laser-guided bomb components.

“Numerous tests have demonstrated that Raytheon’s combat-proven Paveway has unbeatable accuracy and unmatched standoff distance; this contract validates that our weapon also has the best price, ” said Harry Schulte, Raytheon vice president for the air warfare systems product line.

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