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Raytheon Wins $108M for SM-2 Production, 81% of Funds for Foreign Sales

Raytheon (NYSE: RTN) has won a $108, 784, 917 U.S. Navy contract modification to continue producing Standard Missile-2, components and spares.

The Defense Department said 81 percent of the funds will support foreign military sales and also cover shipping containers and data.

International customers and their portions of the sales will include:

  • Australia, 39.8 percent
  • South Korea, 19.8 percent
  • Japan, 17.5 percent
  • Canada, 3.2 percent
  • Germany, Taiwan and the Netherlands; 0.7 percent combined

Work will occur in Tuscon, Ariz. and $8, 525, 429 in contract funds will expire at the end of the current fiscal year.

The Naval Sea Systems Command in Washington is the contracting activity.

Raytheon’s contract to produce Standard Missile-3 for the Missile Defense Agency is worth up to around $1.93 billion as of August and the company also is producing a ship-based SM-3 under a contract worth $1.5 billion as of July.

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