Home / Contract Awards / Raytheon Wins More SM-3 Work, Contract Value Now $809M

Raytheon Wins More SM-3 Work, Contract Value Now $809M

Raytheon Co. (NYSE: RTN) has won a $120 million contract modification to continue design and engineering work for the U.S. Missile Defense Agency, the Defense Department announced Wednesday.

The MDA increased the contract’s total value from $688, 966, 325 to $808, 966, 325 for work on the ship-based Standard Missile 3.

The Waltham, Mass.-based missile maker won an estimated $364 million modification in December for SM-3 design and engineering.

The company’s missile systems unit will continue to support surveillance and flight test and Raytheon will help the agency transition the missiles to production.

Work will occur in Tucson, Ariz. and the performance period runs through Sept. 30, 2015.

This modification receives funds through fiscal year 2012 research, development, test and evaluation funds.

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

Check Also

Cubic Combines Traffic Mgmt Brands to Establish New Business; Jon Newhard Named Cubic ITS Lead

Cubic (NYSE: CUB) has formed a new business through the integration of its U.K.-based intelligent transport systems segment with its traffic management brands GRIDSMART and Trafficware.

Raytheon Lands $129M IDIQ to Support Air Force Sensor Operations, Maintenance

Raytheon (NYSE: RTN) has won a two-year, $128.5M contract to help the U.S. Air Force maintain and operate mobile sensors at radar facilities. The company will maintain operational readiness of Cobra King and Gray Star radar systems that work to provide situational awareness on a 24-hour basis, the Department of Defense said Monday.