Author: Nichols Martin|| Date Published: December 22, 2021
Raytheon Technologies (NYSE: RTX) has received a $578.3 million contract modification to help the U.S. Navy and foreign military sales customers address production requirements for the Standard Missile-2.
The Navy accounts for 6 percent, or approximately $36.7 million, of the procurement funds for SM-2 all up rounds, spare parts, engineering services and long lead materials, the Department of Defense said Tuesday.
Japan, Taiwan, South Korea, Germany, Chile, the Netherlands and Spain are the partner nations covered by the modification.
DOD noted the award includes an option that would bring the potential contract value to $586.8 million.
SM-2 missiles use radar seekers designed to track and strike enemy anti-ship missiles and aircraft closer to the sea’s surface, according to Raytheon.
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
