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  • Tuesday, April 16, 2024

Raytheon to Design Navy Sensor Netting System

Raytheon logo_EbizRaytheon (NYSE: RTN) has won a $30, 020, 420 contract modification to design and engineer a sensor netting system for the U.S. Navy to use in anti-air warfare missions.

The Cooperative Engagement Capabilities program aims to provide the Navy situational awareness and develop range, cooperative, multiple or layered engagement strategies, the Defense Department said Monday.

CEC units use the system to extract and distribute information from the sensor, according to the Pentagon.

Ninety percent of the work will occur in St. Petersburg, Fla. and the remaining 10 percent in Largo, Fla. through September 2013.

The Navy is allocating four sources of funding for this award:

  • fiscal year 2012 and 2013 research, development, testing and evaluation
  • fiscal 2013 operations and maintenance
  • fiscal 2013 shipbuilding and conversion
  • fiscal 2013 other procurement

The Navy is obligating $2, 133, 982 in funds at the time of award and $1, 606, 328 will expire at the end of the current fiscal year.

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