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Raytheon Gets Contract Modification for USAF Air-to-Air Missile Equipment

Raytheon logoRaytheon (NYSE: RTN) has been awarded a $25.7 million contract modification by the U.S. Air Force to obtain special tooling and test equipment for production lots 28, 29 and 30 of the company’s Advanced Medium-Range Air-to-Air Missile systems.

The Defense Department said Tuesday the company will use the items to facilitate transition to AMRAAM full-rate production as well as testing of form, fit, function, refresh testing software, fixtures and equipment.

The sole-source contract involves foreign military sales and the Air Force will obligate $16.8 million at the time of award from the military branch’s fiscal 2015 production funds.

Raytheon is scheduled to complete work by Aug. 31, 2018.

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