Raytheon Gets $56M Navy Delivery Order to Repair F/A-18 Targeting Pods

Raytheon (NYSE: RTN) has secured a $56.4 million firm-fixed price delivery order from the U.S. Navy under an existing basic ordering agreement to repair multi-sensor, electro-optical targeting pods that the service branch uses on the F/A-18 aircraft.

The Defense Department said Wednesday the company will perform repair work on the Advanced Targeting Forward Looking Infrared System in California, Florida and Texas through December 2018.

The Naval Supply Systems Command’s weapon systems support division will provide the full order value from fiscal 2017 working capital funds, DoD added.

ATFLIR offers air-to-air and air-to-ground mission support such as target detection, long-range assessment, laser designation and EO/IR imagery services for the Navy’s F/A-18 fleet.

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