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

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.

Check Also

VGW Geospatial Wins $240M Army Contract for Borderland Surveying Services

A joint venture between Vertical GeoSolution and Wilson and Company has won a potential five-year, $240M contract to provide surveying services for the Department of Homeland Security's border infrastructure program.

Former NIH Senior Adviser Vivien Bonazzi Joins Deloitte Gov’t, Public Services Practice

Vivien Bonazzi, a more than two-decade bioinformatics veteran and former senior adviser at the National Institutes of Health, has been appointed a managing director within Deloitte's government and public services practice.