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 modificationTypes: Administrative Change : A unilateral contract change that does not affect the contractual rights of the parties. Change order: A written order, signed byBudget Year the CO, directing that the contractor to make a change authorized byBudget Year the "changes" clause. Not issued without contractor consent. 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 modificationTypes: Administrative Change : A unilateral contract change that does not affect the contractual rights of the parties. Change order: A written order, signed byBudget Year the CO, directing that the contractor to make a change authorized byBudget Year the "changes" clause. Not issued without contractor consent. 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.