Raytheon Award Increases Missile Defense Agency Contract to $286.5M

The U.S. Missile Defense Agency has awarded Raytheon (NYSE: RTN) a future upgrades and engineering support option that increases its Aegis BMD 5.1/SM-3 block IIA program contract value to $286, 518, 085.

Raytheon will provide engineering services to enable technical analysis for the  program on the $9, 805, 492 sole-source cost-plus-award-fee modification.

Fiscal 2011 research, development, test and evaluation funds will be incrementally used for the award and no contract funds will expire at the end of the current fiscal year.

The work will be performed in Tucson, Ariz., with a performance period lasting through Sept. 30, 2016.

The MDA, Dahlgren, Va., is the contracting activity.

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