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Raytheon Wins $250M Marine Corps Ground Equipment Logistics Contract

Raytheon logoRaytheon (NYSE: RTN) has won a potential five-year, $249.99 million contract to provide logistics integration services for the U.S. Marine Corps‘ ground equipment.

The Marine Corps Logistics Command will use the logistics support to overhaul, repair and evaluate ground equipment secondary reparable items, the Defense Department said Tuesday.

The contract has a one-year base value of $50 million and work could continue through May 2021 if all four 12-month options are exercised.

Raytheon will perform work in Georgia, California, North Carolina, Japan and Hawaii.

The Marine Corps Logistics Command received two proposals for the LIS program via solicitation on the FedBizOpps website and the U.S. Navy obligated $6.3 million from its fiscal year 2016 funds at the time of award.

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