Navy Awards Raytheon $255M Contract to Build Joint Precision Approach, Landing System

Raytheon logoRaytheon (NYSE: RTN) has received a potential six-year, $254.6 million contract to design, build, integrate and test a Joint Precision Approach and Landing System for the U.S. Navy.

The Defense Department said Wednesday that Raytheon will continue to develop eight existing JPALS engineering development models and build two additional models to help the Navy fulfill operational capability requirements for F-35B/C and MQ-25 tests as well as nuclear aircraft carriers and amphibious assault ships.

The contract also covers weapons replaceable assemblies, a technical data package and developmental and operational test support services.

JPALS is designed to operate with the GPS satellite navigation system and guide fixed and rotary-wing aircraft pilots in performing approach and landing functions.

Raytheon will carry out work in California, Iowa, Massachusetts and Indiana through September 2022.

The Navy obligated $1.9 million from its fiscal 2016 research, development, test and evaluation funds at the time of award.

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