RaytheonÂ (NYSE:RTN) has been awardedÂ a potential $723.1 million contract to perform engineering and development work on a new airborneÂ ship-based surveillance radar technology for the U.S. Navy.
The Defense Department said Friday that Raytheon’sÂ integrated defense systems segment willÂ build, integrate and test an engineering development model of the Navy’sÂ Enterprise Air Surveillance Radar.
DoD noted the contract carries an initial value of 92.1Â million and work under the base period covers system design, Â preliminary design review and system acceptance test services.
EASR will be designed to serve as the Navy’s primaryÂ air surveillance radar that will supportÂ self-defense, situational awareness and air traffic control systems for Gerard R.Â Ford-class carriers and other naval ship classes, according to a FedBizOppsÂ summary.
The systemÂ will consist ofÂ Variant 1 rotating array and Variant 2 fixed-face phased array.
Work will occur in Massachusetts, Virginia, Connecticut, New York, Missouri, New Jersey, Indiana, Georgia, Wisconsin and Minnesota through February 2020.
The Naval Sea Systems Command received one offer for the contract through the FedBizOppsÂ website and will obligateÂ $11 million at the time of the award from the service branch’s fiscal 2016 research, development, test and evaluation funds.