Hello, Guest!
  • Thursday, April 25, 2024

Raytheon Wins Potential $316M Standard Missile R&D Contract

RaytheonLogoRaytheon (NYSE: RTN) has won a potential $316, 538, 398 contract to perform research and development work under the Standard Missile program for the U.S. Navy.

The cost-plus-fixed-fee contract includes $75, 914, 110 in base funds and covers other engineering and technical services, the Defense Department said Friday.

The Navy is obligating $33, 065, 387 at the time of award from funding sources such as fiscal year 2013 research, development, test and evaluation; fiscal 2013 defense wide procurement; and weapons procurement for fiscal years 2011 through 2013.

Raytheon will also evaluate designs and systems and aim to proof production for shipboard integration.

Eighty-six percent of the work will occur in Tucson, Ariz. and the rest in five other locations within the continental U.S. within December 2017.

Video of the Day

Related Articles

Navy Selects 63 Vendors for $250M Rapid Prototyping, Systems Integration Support IDIQ Contract Awards

Navy Selects 63 Vendors for $250M Rapid Prototyping, Systems Integration Support IDIQ

The U.S. Navy has awarded 63 companies positions on a potential five-year, $249.7 million contract to provide rapid development and prototyping and systems integration support to help the military branch meet new and emerging requirements and advance the growth of the Naval Air Warfare Center Aircraft Division’s services portfolio at Webster Outlying Field in Maryland.

SAIC, Serco Receive Contracts to Support Navy Integrated Warfare Systems PEO Contract Awards

SAIC, Serco Receive Contracts to Support Navy Integrated Warfare Systems PEO

Science Applications International Corp. (NYSE: SAIC) and Serco’s U.S. subsidiary have secured separate contracts to provide engineering support, test, product development and ship and systems integration services for the U.S. Navy’s Program Executive Office, Integrated Warfare Systems. SAIC will deliver services to PEO IWS 1.0 and 9.0 under a potential $22.7 million contract and will

8 Companies Win Spots on $249M Contract to Support NAVFAC Construction Projects Contract Awards

8 Companies Win Spots on $249M Contract to Support NAVFAC Construction Projects

Eight small businesses have won positions on a $249 million contract to support construction projects within the eastern portion of Naval Facilities Engineering Systems Command Southeast area of operations. NAVFAC received 30 proposals via a competitive bidding process for the mutliple-award design-build/design-bid-build services contract and expects work to conclude by November 2026, the Department of