Home / Contract Awards / Raytheon Lands $634M Contract to Supply Medium-Range Missiles to USAF, FMS Clients

Raytheon Lands $634M Contract to Supply Medium-Range Missiles to USAF, FMS Clients

Raytheon (NYSE: RTN) has received a potential $634.2 million contract from the U.S. Air Force to provide advanced medium-range air-to-air missiles to the service branch and 10 foreign military sales customers.

The fixed-price-incentive-firm-target contract is for lot 31 of AMRAAM systems composed of missiles, spares and telemetry kits, the Defense Department said Thursday.

DoD noted the contract involves $219,6 million in total FMS transactions with Bahrain, Indonesia, Japan, Korea, Morocco, Poland, Qatar, Romania, Spain and Turkey.

The Air Force is also obligating $409.9 million in fiscal 2017 production funds; $2.9 million in research and development funds ;and $1.7 million in operations and maintenance funds at the time of award.

Raytheon’s missile business will perform contract work through Jan. 31, 2020.

Check Also

Darren Conner Promoted to Dewberry Engineering Practice Head

Darren Conner, a 33-year veteran of Dewberry, has been promoted to president of the Fairfax, Va.-based …

Northrop Awarded $697M Navy Contract for EA-18G Aircraft System Upgrades

Northrop Grumman‘s (NYSE: NOC) mission systems business has landed a potential five-year, $697M contract to …