Raytheon Lands $2.87B Army Training Equipment, Simulation Support Contract

Raytheon (NYSE: RTN) has received a potential two-year, $2.87 billion contract to provide  integrated life cycle support for the U.S. Army‘s live, virtual and constructive training platforms.

The Defense Department said Thursday the company will support training aids, simulators, tools and simulation efforts of the Army, combatant commanders and other DoD customers.

The Army Contracting Command will determine funds and work locations upon issuance of each order under the performance-based hybrid contract.

Raytheon is scheduled to finish work Oct. 31, 2019.

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