Hello, Guest!
  • Tuesday, April 23, 2024

Raytheon Receives $321M Army Missile Production Contract

Raytheon Technologies (NYSE: RTX) has received a five-year, $320.67 million contract to manufacture man-portable, air defense systems for the U.S. Army.

The company will provide Stinger missile production services to the branch over a five-year contract period that runs through June 2026, the Department of Defense said Monday.

Army Contracting Command received one bid for the firm-fixed-price contract via an online solicitation and will obligate funds with each order.

Four U.S. military branches and 19 foreign countries bought the Stinger weapon to help ground troops defend against aerial threats, with more than 270 intercepts recorded to date, according to Raytheon.

In 2019, the Army began updating its Stinger missiles to include proximity fuze technology intended to destroy enemy unmanned aircraft systems.

Video of the Day

Related Articles

TPG Closes Purchase of Forcepoint’s Government Cyber Business; Sean Berg Named Forcepoint G2CI CEO M&A Activity

TPG Closes Purchase of Forcepoint’s Government Cyber Business; Sean Berg Named Forcepoint G2CI CEO

TPG (Nasdaq: TPG), a global alternative asset management firm, has finalized its acquisition of Forcepoint’s government-focused cybersecurity unit from investment firm Francisco Partners and appointed technology industry leader Sean Berg as CEO of the newly acquired business. Berg, most recently president of global governments and critical infrastructure cybersecurity segment at Forcepoint, will oversee the growth

Pratt & Whitney Books $221M Navy Contract for F135 Engine Maintenance, Other Services Contract Awards

Pratt & Whitney Books $221M Navy Contract for F135 Engine Maintenance, Other Services

An RTX (NYSE: RTX) subsidiary has secured a $221 million contract from the U.S. Navy to help maintain and sustain F135 propulsion systems used by the U.S. military and foreign military sales customers. Pratt & Whitney will provide material and support equipment, supplies, unit-level support equipment, labor and planning for depot-level F135 maintenance and sustainment

RTX Books $165M in Navy Cruise Missile Tech Upgrade Contracts Contract Awards

RTX Books $165M in Navy Cruise Missile Tech Upgrade Contracts

RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the sensor technology