Raytheon to Produce Aegis Fire Control Systems for Navy, Japan Under $124M Contract Modification

Jeff Brody

Raytheon’s (NYSE: RTN) integrated defense systems business continue manufacturing fire control technology and equipment for the Aegis combat systems of U.S. and and Japanese navies under a $123.9M contract modification.

The award modifies a previously awarded contract intended to satisfy MK99 production requirements for fiscal 2018 and fiscal 2019 as part of the Aegis modernization program, the Department of Defense said Friday.

The Navy issued an $72.5M undefinitized contract action for these services in December 2018.

Raytheon will also provide kits to support a project to update the Aegis weapon system's ballistic missile and anti-air warfare features designed to protect Arleigh Burke-class destroyers and Ticonderoga-class cruisers.

Funds for the modification will come from FY 2019 Navy, defense-wide procurement and foreign military sales funds, the Pentagon noted.

DoD expects the company to complete work by April 2023.

You may also be interested in...

Young Bang, Chief Growth Officer for Atlas Research

Atlas Joins DMI-Led Air Force Enterprise Transformation Contract Team; Young Bang Quoted

Atlas Research is part of a Digital Mobilizations Inc.-led team that won a position on a five-year, $990M contract vehicle to help the U.S. Air Force implement and manage enterprise transformation initiatives.

HIMARS launcher

State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.