Home / Contract Awards / Raytheon Lands $110M Air Force Weapons Package IDIQ

Raytheon Lands $110M Air Force Weapons Package IDIQ

Raytheon (NYSE: RTN) has received a potential $110 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to produce, certify, integrate and sustain Paveway laser-guided bombs.

The Defense Department said Thursday the contract also offers a total-package acquisition approach for foreign military customers, such as the Philippines, that actively leverage or have expressed interested in buying Paveway bombs.

Raytheon will perform contract work in Tucson, Ariz., through Feb. 9, 2029.

The Paveway family of weapons is designed to convert “dumb” bombs into precision-guided munitions and its latest variants include global positioning system/inertial navigation system guidance tools.

Check Also

Salesforce’s Jenny Berarducci: Cloud Tech Could Help Agencies Transform Customer Experience

Jenny Berarducci, regional vice president of customer success at Salesforce (NYSE: CRM), has said a cloud-based tool provides government agencies the capability to improve the customer experience and earn the public’s trust, which is key to any mission. Berarducci wrote about the need for agencies to implement a flexible technology that could enable them to meet current and future needs.

Lockheed to Update Navy MASINT Platform Under Potential $90M Contract

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $90.3M contract from the U.S. Navy to update the Office of Naval Intelligence's Measurement and Signature Intelligence Enterprise for Global Acoustic Intelligence platform.