The U.S. Air Force has awarded Raytheon (NYSE: RTN) a $386M contract modification to manufacture, integrate and sustain Paveway laser-guided bombs.
The award provides a total package acquisition approach for countries that want to procure the weapons under the Department of Defense’s foreign military sales program, DoD said Wednesday.
Work will also involve studies and integration efforts.
USAF initially awarded a $110M indefinite-delivery/indefinite-quantity contract in August of last year and the modification brings the cumulative IDIQ value to $496M.
Modern variants of the Paveway family of weapons feature global positioning and inertial navigation systems.
According to Raytheon, military customers used the bombs during Operation Enduring Freedom, Unified Protector and Operation Iraqi Freedom.
Capitol Meridian Partners has closed its second fund at $1.9 billion, exceeding its $1.2 billion target Private equity investment in…
Kratos has secured a $156 million sole-source DOE contract Kratos will deliver mobile C-UAS platforms under Project Solar Shield The…
Brown will steer MANTECH’s pipeline of scalable, commercialized technologies, including dual-use platforms He steps up from chief innovation officer, a…
Michael DeBernardis, a former partner at Hughes Hubbard & Reed, has been chosen as the vice president and chief counsel…
The Air Force has several active contract opportunities to support missions, ranging from missile defense to AI C2 The service…
KBR has outlined Golden Dome capabilities across digital engineering and missile defense Daniel Dant and Jay Lennon will lead KBR’s…
Rocket Lab will fly 12 suborbital launch vehicles from Alaska’s Pacific Spaceport Complex In 2023, the company introduced HASTE for…
Former Nightwing CEO John DeSimone has joined Everfox as chief operating officer DeSimone’s 30-year experience includes leadership roles in Raytheon…
The Coast Guard plans a potential $100 million IT services contract for custom and legacy applications The Stew Sustainment Call…
Spire Global has tapped Eric Mellinger to lead its global commercial organization Mellinger previously worked at MANTECH Mellinger spent 30…
AeroVironment will deliver 82 P550 eVTOL drones to the U.S. Army under a $117.3 million contract The award marks the…
Fitzpatrick will lead RIVA’s digital strategy across service delivery, user experience and human-centered design Since joining RIVA in 2022, he…
You’ve already read all related articles.
VIDEO 
