Raytheon Wins $248M to Operate MDA X-Band Radars

Raytheon (NYSE: RTN) has won a $248 million contract option from the U.S. Missile Defense Agency to operate radars for the agency’s sensors program, the Defense Department announced Friday.

This award covers option period one of a hybrid, cost reimbursement contract and MDA will obligate funds for this option through individual task orders.

MDA will also obligate funds for research, development, testing, evaluation, operations and maintenance.

The company will provide operation and sustainment services for the agency’s X-Band radars at several stateside and overseas locations from Oct. 1, 2012 to Sept. 30, 2013.

Under a $125.3 million contract with MDA and the Air Force, the company is updating early warning radars in Alaska for the Air Force’s ballistic missile defense operations.

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