According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $12, 296, 316 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract for AIM-9X integrated logistics support for the Navy, Air Force, and the governments of Singapore, Australia, Denmark, Finland, Turkey, South Korea, Saudi Arabia, Switzerland and Poland. Work will be performed in Tucson, Ariz., and is expected to be completed in March 2013. Contract funds in the amount of $3, 306, 455 will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to FAR 6.301-1. This contract combines purchases for the Navy ($4, 661, 108; 38 percent); Air Force ($4, 945, 270; 40 percent); and the governments of Singapore ($298, 882; 2.43 percent), Australia ($298, 882; 2.43 percent), Denmark ($298, 882; 2.43 percent), Finland ($298, 882; 2.43 percent), Turkey ($298, 882; 2.43 percent), South Korea ($298, 882; 2.43 percent), Saudi Arabia ($298, 882; 2.43 percent), Switzerland ($298, 882; 2.43 percent), and Poland ($298, 882; 2.43 percent), under the Foreign Military Sales Program. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity (N00019-11-D-0004)”
Raytheon Inks Navy Deal
Related Articles
ITT (NYSE: ITT) has announced that once the firm spins off its defense business, Peter Milligan is expected to serve as CFO, while Ann Davidson will take on the role of general counsel and corporate secretary. ITT will spin off its defense and water services businesses into serparate companies by the end of 2011. “We
ManTech (NASDAQ: MANT) won a prime contract to cover work for the Office of the Secretary of Defense, Director Developmental Test and Evaluation, to provide engineering and test and evaluation services. The BPA carries a one-year base term and four option years for a total potential value of $190 million. “ManTech has extensive experience providing
GTEC has announced a branding change that will see the firm become known as Sotera Defense Solutions. Originating in Greek mythology, the word “Sotera” is derived from Soter the spirit of safety, preservation and deliverance from harm. “We are very proud to unveil our new name and brand, Sotera, and we remain excited about the