Home / Contract Awards / Raytheon Gets $415M MDA Contract Modification for SM-3 Block IIA Materials

Raytheon Gets $415M MDA Contract Modification for SM-3 Block IIA Materials

Raytheon (NYSE: RTN) has secured a $415.4 million contract modification from the Missile Defense Agency to obtain a limited subset of items needed to produce, test and deliver a total of 24 Standard Missile-3 Block IIA systems.

The award raises the contract’s potential value from $694.3 million to $1.10 billion and also funds the procurement of materials for up to four additional SM-3 missiles under the foreign military sales program, the Defense Department said Monday.

MDA will initially obligate $161 million in fiscal 2018 procurement and defense-wide funds on this modification.

The company’s missile systems business will perform work in Tucson, Arizona, through April 2022.

Check Also

Cubic Combines Traffic Mgmt Brands to Establish New Business; Jon Newhard Named Cubic ITS Lead

Cubic (NYSE: CUB) has formed a new business through the integration of its U.K.-based intelligent transport systems segment with its traffic management brands GRIDSMART and Trafficware.

Raytheon Lands $129M IDIQ to Support Air Force Sensor Operations, Maintenance

Raytheon (NYSE: RTN) has won a two-year, $128.5M contract to help the U.S. Air Force maintain and operate mobile sensors at radar facilities. The company will maintain operational readiness of Cobra King and Gray Star radar systems that work to provide situational awareness on a 24-hour basis, the Department of Defense said Monday.