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.

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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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