Home / Contract Awards / Textron Wins $640M for Air Force Cluster Bombs

Textron Wins $640M for Air Force Cluster Bombs

NavyRocketTextron Defense Systems (NYSE: TXT) has won a $640, 786, 442 contract modification from the U.S. Air Force for 1, 300 cluster bomb units.

This modification to a firm-fixed-price contract supports a foreign military sales agreement with Saudi Arabia, the Defense Department said Tuesday.

The Air Force is obligating $410, 218, 248 in foreign military sales funds at the time of award.

Saudi Arabia is also one of five countries that are purchasing Raytheon-made (NYSE: RTN) missiles and components under an estimated $200.5 million contract modification.

Close to 47 percent of that contract covers foreign military sales transactions.

Check Also

NCI Lands $270M DoD Joint Service Provider Support Contract

NCI Information Systems has secured a four-year, $269.9M contract from the Washington Headquarters Services to provide information technology support to the Defense Information Systems Agency's Joint Service Provider.

Expanse’s Matt Kraning: Agencies Need Centralized Strategy to Monitor Internet Attack Surface

Matt Kraning, chief technology officer and co-founder of San Francisco-based Expanse, has said government agencies need a centralized strategy to secure, govern and monitor all internet-connected devices.