Raytheon Gets $143M Navy Contract Modification for Tomahawk Block IV Cruise Missiles

Raytheon (NYSE: RTN) will produce an additional 100 Tomahawk Block IV cruise missile systems for the U.S. Navy under a $143.3 million contract modification.

The Navy exercised an option under a previously awarded contract for the company to manufacture lot 15 all-up-round missiles, the Defense Department said Friday.

Work will occur through August 2020 at various locations within the continental U.S., Canada and Scotland.

The Naval Air Systems Command is the contracting activity and the service branch will use fiscal 2018 weapons procurement funds on the exercised option.

Tomahawk’s latest variant is designed with a two-way satellite data link that works to redirect the missile in flight to a preprogrammed target.

Check Also

health care

Aptive-HTG JV Wins $121M in VA Health System Modernization Task Orders

A joint venture between Aptive Resources and Enterprise Resource Performance Inc. has won two task orders worth $121M combined to provide systems integration and operational support for the Department of Veterans Affairs’ healthcare networks.

IMAP mission

SpaceX to Help Launch NASA’s Heliosphere Exploration Spacecraft Under $109M Contract

SpaceX will provide launch services under a potential $109.4M contract for a NASA-funded mission that seeks to further study the heliosphere’s boundary that produces a magnetic barrier protecting the solar system. NASA said Saturday its Interstellar Mapping and Acceleration Probe mission will examine the neutral particles that pass through the barrier and study how particles become faster in space.