Raytheon (NYSE: RTN) has won a potential $1, 633, 363, 781 contract to build air and missile defense radars for U.S. Navy destroyers.
The cost-plus-incentive-fee contract has a base value of $385, 742, 176 and was awarded through a full and open competition, Raytheon said Thursday.
S-band and X- band radars are intended to help the Navy’s Flight III Arleigh Burke-class destroyers to track and engage threats.
Raytheon will design, engineer, develop, integrate and test an AMDR-S system comprising of X-band radar, S-band radar and radar suit controller.
The Navy is obligating $156, 960, 000 fiscal year 2013 at the time of the award.