Raytheon (NYSE: RTN) has been awarded a $500.6M contract modification by the Missile Defense Agency to continue research and development of two different radars for the Ballistic Missile Defense System.
The company will perform R&D work on the Sea-Based X-Band radar and the Army Navy Transportable Radar Surveillance Control Model-2 or AN/TPY-2, the Department of Defense said Monday.
SBX is designed to have transmit/receive modules that will support fire control functions such as target acquisition and tracking, while AN/TPY-2 is intended to detect incoming ballistic missiles and guide interceptors to destroy the threats.
The modification increases the total ceiling value of an indefinite-delivery/indefinite-quantity contract from $461.5M to $962.1M and also provides for engineering, product improvement, subject matter expertise, cybersecurity and simulation and warfighter support.
Work will take place in Woburn, Mass., through an unchanged completion date of Oct. 31, 2022. MDA may still exercise a one-year option for further extension of services.