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USAF Awards Raytheon $75M Small Diameter Bomb Tech Support IDIQ

The U.S. Air Force has awarded Raytheon (NYSE: RTN) a potential seven-year, $75 million contract to provide technical support services for a bomb technology designed to help fighter pilots destroy moving targets.

Raytheon’s missile systems unit will perform lifecycle technical support under the engineering, manufacturing development, production and sustainment phases of the Small Diameter Bomb II program, the Defense Department said Friday.

Work under the indefinite-delivery/indefinite-quantity contract will occur at a company facility in Tucson, Arizona, and is scheduled to finish July 25, 2024.

USAF and Raytheon completed a series of wind-tunnel tests on SDB II last month.

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