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Raytheon Wins 3 Army Contracts for Inspection, Target Acquisition Systems and Artillery Development

The U.S. Army has awarded Raytheon (NYSE: RTN) three contracts.

The company is one of seven on a $248, 512, 500 firm-fixed-price multiple award task order contract for the procurement of non-intrusive inspection systems and hardware. The items will scan personnel, vehicles and cargo containers, primarily in Afghanistan.

Raytheon will provide 78 units of the improved target acquisition system on a $53, 681, 450 firm-fixed-price contract. The system attaches to the light armored vehicle antitank variant. Raytheon also has an option for 12 units for the Saudi Arabian National Guard and an option of 25 units for the Saudi Arabian Ministry of Defense and Aviation.

Raytheon also won a $36 million contract for the final phase of the long-range, precision-guided artillery projectile Excalibur 1b development program. Excalibur will include a reprogramming port to evolve with warfighter needs.

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