Raytheon Technologies Awarded $495M IDIQ to Support Air Force Missile Program

Raytheon Technologies Awarded $495M IDIQ to Support Air Force Missile Program
Raytheon Technologies

Raytheon Technologies (NYSE: RTN) will help the U.S. Air Force sustain its advanced medium-range air-to-air missile program under a potential six-year, $495M contract.

The company will repair items, perform logistics work, analyze service life predictions and provide programmatic support for the AMRAAM program, the Department of Defense said Wednesday.

USAF is using fiscal 2020 research, development, test and evaluation funds to cover the initial $989,450 task order.

Contract work will take place in Tucson, Ariz., through June 30, 2026.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.