Orbital ATKÂ (NYSE: OA) has received a two-year, $171.2 million contract option to produce a seventh batch ofÂ Advanced Anti-Radiation Guided MissileÂ systems for the U.S. Navy and foreign military sales customers.
The company will convertÂ 271 AGM-88B High Speed Anti-Radiation MissilesÂ from the Navy into 253 AGM-88E AARGM all-up-rounds and eight Captive Air Training Missiles, theÂ Defense DepartmentÂ said Wednesday.
Australia and Italy will also receive a total of 10 AGM-88E AARGM AUR units.
The exercised option also includes the delivery of AUR kits and spares to support production and fleet deployment.
Work will take place in Northridge, and Ridgecrest, Calif., throughÂ March 2020.
AARGM uses an anti-radiation homing sensor, a millimeter wave radar terminal seeker and a global positioning system to boost range, targeting and situational awareness.
The missile is designed to beÂ compatible with theÂ F/A-18, EA-18G, F-16, EA-6BÂ and F-35.