RaytheonÂ (NYSE: RTN) hasÂ received a $96.6M contract modification from the U.S. Special Operations Command to continue manufacturingÂ terrain following and terrain avoidance radars.
The modification increases the total potential value of the Silent Knight Radar contractÂ to $300M and covers low-rate initial production of theÂ system, the Department of Defense said Friday.
USSOCOMÂ willÂ issue delivery and task orders under theÂ the indefinite-delivery/indefinite-quantity contractÂ throughout a five-year period andÂ will obligate $54.7M in fiscal 2019 procurement funds at the time of award.
The command intends to fund orders usingÂ operations and maintenance, procurement orÂ research, development, test and evaluation funds.
Work willÂ take place in Mississippi through October 2022.