Hello, Guest!
  • Wednesday, April 24, 2024

Air Force Increases Raytheon’s StormBreaker Bomb Engineering Contract Ceiling by $250M

Raytheon Technologies (NYSE: RTX) has received a $250 million award that increases the potential value of its contract with the U.S. Air Force to incorporate baseline engineering changes into the StormBreaker glide bomb system baseline.

The sole-source contract calls for Raytheon Missiles and Defense to design, develop, integrate, test and engineer an updated configuration for the GBU-53/B weapon, originally known as Small Diameter Bomb II, the Department of Defense said Thursday.

DOD’s award notice indicates the contract now has cumulative face value of $700 million and the company will perform work in Tucson, Arizona, through Aug. 22, 2027.

The Air Force cleared the StormBreaker technology for use on the Air Combat Command’s F-15E fighter platform in October 2020.

Raytheon said the bomb includes a multimode seeker and can travel more than 40 miles to reach targets.

Video of the Day

Related Articles

SAIC’s Jay Meil on Joint Warfighting & AI Artificial Intelligence

SAIC’s Jay Meil on Joint Warfighting & AI

Joint warfighting is a major focus for the Department of Defense as it works to adapt to the challenges of the modern battlefield, a constantly shifting landscape in which success is determined by data and digital capabilities. Interested in getting a comprehensive look into the intricacies of joint warfighting initiatives? The Potomac Officers Club’s Joint Coalition

Mark Procaccini Assumes Operations SVP Role at Raft; Shubhi Mishra Quoted Executive Moves

Mark Procaccini Assumes Operations SVP Role at Raft; Shubhi Mishra Quoted

Government technology company Raft has appointed GovCon industry veteran Mark Procaccini as senior vice president of operations. The company said Tuesday Procaccini will bring his years of experience in mergers and acquisitions, contracting, private equity and integration to this newly created position, where he will help scale operations to support Raft’s growth initiatives. “Mark is

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted Financial Reports

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted

RTX (NYSE: RTX) has reported first quarter 2024 sales of $19.3 billion, a 12 percent increase from the prior-year period, and posted GAAP earnings per share of $1.28, up 32 percent compared to the previous year. In an earnings statement published Tuesday, RTX said it recorded $1.3 billion in gross proceeds from the divestiture of