Raytheon Wins $142M Contract to Produce SM-2 Components for Navy, Foreign Governments

The U.S. Navy has awarded Raytheon’s (NYSE: RTN) missile systems business a $142, 565, 902 not-to-exceed cost-only contract for production of all-up-rounds, section level components and spares, shipping containers, and associated data for the Standard Missile-2.The contract combines purchases for the Navy and the governments of South Korea, Japan, Australia , Germany, Taiwan, and Canada under the foreign military sales program.

The contract includes options which could bring the cumulative value of the contract to $146, 227, 686.

Work is expected to be completed by June 2013. The Naval Sea Systems Command, Washington Navy Yard, D.C., is the contracting activity.

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