The U.S. Army has selected Raytheon (NYSE: RTN) to build a new radar technology for the service branch’s Patriot missiles under a $384M initial firm-fixed-price contract, Bloomberg reported Thursday.
The Army used an “other transaction authority†procedure for the award covering delivery and test of six Lower Tier Air and Missile Defense Sensor prototypes over a three-year period.
In 2017, the miliary service tapped Raytheon, Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Technovative Applications to submit concepts as part of the LTAMDS competition.
Thomas Kennedy, Raytheon CEO and 2019 Wash100 winner, said at a Morgan Stanley conference last month the Army sought a radar that could counter emerging threats and “allow the Patriot system to continue to live on another 40 years.â€
The Waltham, Mass.-based defense company submitted its LTAMDS proposal in July and said its proposed system employs a gallium nitride-based active electronically scanned array radar.
According to Raytheon, it worked with six technology suppliers as part of its contract pursuit. Those companies are Crane Aerospace & Electronics, Cummings Aerospace, IERUS Technologies, Kord Technologies, Mercury Systems and nLogic.
