Raytheon Gets $124M Navy Modification for Aegis For Control System Production

Jeff Brody

Raytheon (NYSE: RTN) has secured a 52-month, $123.5M contract modification for production, modernization and engineering work in support of a U.S. Navy-used fire control system.

The company will produce equipment for the Aegis fire control system and provide associated engineering and modernization services for Arleigh Burke-class Flight III destroyers and Spanish ships, the Department of Defense said Friday.

The award also provides for assessment ordnance alteration kits and special test equipment for solid-state switch assemblies.

Work will take place in California, Massachusetts, Rhode Island and Virginia through April 2023.

Naval Sea Systems Command will obligate $123.5M in foreign military sales as well as fiscal 2020 shipbuilding, conversion and procurement funds.

Work supports the Aegis Modernization or AMOD program that aims to boost the anti-air and ballistic missile defense capacities of applicable ships.

The modification amends a $72.4M contract that Raytheon received last year for Aegis FCS production.

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