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  • Thursday, April 25, 2024

Raytheon Wins $497M Air Force Missile Systems Contract

Raytheon Co. (NYSE: RTN) has won a $497, 131, 017 U.S. Air Force contract for missiles and components, the Defense Department announced Friday.

The Waltham, Mass.-based contractor will deliver guidance sections, instrumentation units, test equipment and hardware.

The award also includes contractor logistics services to support the missile systems.

Work under the firm-fixed-price contract will occur in Tucson, Ariz. The Pentagon expects work to finish on Jan. 31, 2015.

Eglin Air Force Base in Florida is the contracting activity.

The company won a $120 million contract modification last month to continue design and engineering work for the U.S. Missile Defense Agency.

That modification increased the contract’s total value from $688, 966, 325 to $808, 966, 325.

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