Hello, Guest!
  • Tuesday, April 16, 2024

Raytheon Technologies Wins $375M Air Force Miniature Missile R&D IDIQ

Raytheon Technologies (NYSE: RTX) has won a potential $375M contract to help the U.S. Air Force develop a miniature self-defense missile technology.

The company will perform research and development work to provide the service branch with a missile ready for flight tests, the Department of Defense said Tuesday.

The Air Force Research Laboratory received two offers for the the indefinite-delivery/indefinite-quantity contract via a competitive acquisition process.

Work will take place in Tucson, Ariz., through October 2023. Raytheon Technologies will receive $93.4M for the contract's initial task order, with an initial obligation of $26.7M in fiscal 2020 R&D, test and evaluation funds.

Video of the Day

Related Articles

Experts Reflect on Recent Shifts in AI Ecosystem Artificial Intelligence

Experts Reflect on Recent Shifts in AI Ecosystem

The field of artificial intelligence is evolving rapidly, and the U.S. government is working to adapt to these constant changes as quickly as possible. To ensure that AI is brought in successfully, federal organizations have devised new strategies to guide their adoption of AI tools. During a panel discussion at the Potomac Officers Club’s 5th Annual

How Project Maven & Other Key Efforts are Driving AI Success Across the US Government Artificial Intelligence

How Project Maven & Other Key Efforts are Driving AI Success Across the US Government

The October 2023 Executive Order on the Safe Secure and Trustworthy Development of Artificial Intelligence launched the U.S. government into a new era of AI exploration. Federal agencies have since heightened their focus on AI adoption, and organizations across the public sector are constantly working to progress a variety of AI initiatives. At the Potomac

Panelists Offer a Look Into the DOD’s Exploration of Nuclear-Powered Space Tech Events

Panelists Offer a Look Into the DOD’s Exploration of Nuclear-Powered Space Tech

In the challenging environment of space, “nuclear answers the mail on some serious operational problems,” according to Michael Smith, nuclear portfolio lead for operational energy-innovation within the Office of the Under Secretary of Defense for Acquisition and Sustainment. During a panel discussion at the Potomac Officers Club’s 2024 Space Summit last week, he emphasized the challenging nature