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Raytheon Missile Defense Support Modification Increases Contract Value to $1B

MissileDefenseRaytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion.

The Defense Department said Tuesday that Raytheon’s integrated defense systems unit will continue to perform software maintenance, modeling and simulation, engineering, test planning, execution and analysis of the BMD system’s X-Band radars.

Work will occur at Raytheon’s facility in Woburn, Massachusetts through October 31, 2017 and MDA will obligate research, development, test and evaluation funds upon award of each task order and w

Raytheon’s Sea-based X-band platform contains the XBR that provides full fire control sensor functions such as search, acquisition, tracking, discrimination and kill assessment for MDA BMDS’ ground-based midcourse defense phase.

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