According to Department of Defense, Raytheon (NYSE: RTN) secured a contract with “an award value of $42, 716, 764. Under this contract (HQ0147-11-C-0009), Raytheon will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess viable and affordable missile configurations, conduct trade studies, and define an executable development plan. This contract was competitively procured via publication on the Federal Business Opportunities website with four proposals received. The work will be performed by Raytheon Missile Systems in Tucson, Ariz., through December 2013. Fiscal 2011 research, development, test and evaluation funds in the amount of $1, 410, 000 will be used to incrementally fund this effort.
The Missile Defense Agency awarded Raytheon a $14, 005, 817 for a total contract face value of $1, 935, 982, 776. Under this modification, Raytheon will perform the engineering and developmental effort required to maintain software required to operate the AN/TPY-2 radars. The work will be performed in Woburn, Mass.. The performance period is from April 2011 through June 2011. Fiscal 2011 research, development, test and evaluation funds in the amount of $4, 000, 000 will be used to incrementally fund this effort. MDA is the contracting activity.”
