Raytheon to Supply AF Griffin Missiles Under $105M IDIQ Award

Raytheon (NYSE: RTN) has received a potential $104.9 million to produce, test and engineer Griffin missile systems for the U.S. Air Force.

The Defense Department said Thursday Raytheon’s missile systems unit will supply all variants of the Griffin standoff precision guided munition technology under the indefinite-delivery/indefinite-quantity contract.

Griffin functions as a ground- or an air-launched weapon system for irregular warfare operations while cutting the risk of collateral damage.

Each of the missile’s four variants is equipped with global positioning system-supported inertial guidance and semi-active laser seeker technologies for military users.

The Air Force Life Cycle Management Center obligated $24.1 million at the time of award from fiscal 2016 and fiscal 2017 procurement funds.

Work will occur at Raytheon’s facility in Tucson, Arizona, through Dec. 31, 2018.

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