Raytheon (NYSE:RTN) has received a two-year, $90.1 million contract to supplyÂ 39Â Multi-Spectral Targeting System turrets to the U.S. Air Force.
The Defense Department said Monday the company will also provideÂ associated MTS data, spares and production support services under theÂ fixed-price-incentive-firm contract.
An MTS sensor comprisesÂ electro-optical/infrared, laser designation and laser illumination toolsÂ designedÂ to generateÂ intelligence data forÂ military and civilianÂ organizations.
The Air ForceÂ Life Cycle Management CenterÂ has obligated the full contract amount from the service branch’sÂ fiscal year 2014 to fiscal year 2016 procurement funds.
Raytheon is scheduled to finish contract workÂ April 30, 2018.