Home / Contract Awards / Raytheon Gets Potential $228M Contract to Maintain Standard Missiles for US, Allied Foreign Navies

Raytheon Gets Potential $228M Contract to Maintain Standard Missiles for US, Allied Foreign Navies

Raytheon (NYSE: RTN) has landed a potential $227.7 million contract from the U.S. Navy to perform maintenance, repair and re-certification work on Standard Missile-2 and Standard Missile-6 systems from fiscal year 2018 to fiscal 2022.

The Defense Department said Friday Raytheon’s missile systems business will also repair and maintain SM-2 units for allied foreign navies as part of the cost-plus-fixed-fee contract.

The contract’s base value of $27.2 million will cover Navy purchases, followed by options to support missiles for Australia, Canada, Germany, Japan, Netherlands, South Korea, Spain and Taiwan.

The service branch will obligate $362,382 at the time of award from its fiscal 2018 operations and maintenance funds.

Work will occur through December 2018 in Arizona, Arkansas and Alabama.

SM-2 is designed to target anti-ship missiles and aircraft within a distance of 90 nautical miles and at an altitude of up to 65,000 feet.

SM-6 is installed on U.S. cruisers and destroyers and works to help Joint Force and Strike Force Commanders defend the fleet against aircraft, ballistic missile threats as well as engage targets on the ocean’s surface.

Check Also

Northrop Announces New Operating Structure; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) will operate with four operating sectors starting January 2020 as part of efforts to better align its portfolio to meet clients' needs.

Eight Firms Win Spots on $950M IDIQ for Air Force Office Analytical, Technical Services

The U.S. Air Force has awarded eight positions on a potential 10-year, $950M contract to provide technical and analytical support to the Secretary of the Air Force's Concepts, Development and Management Office. USAF received 10 offers for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Wednesday.