Author: Nichols Martin|| Date Published: February 1, 2018
Raytheon‘s (NYSE: RTN) missile systems business has received a $105.2 million contract modification to produce, test and engineer all variants of the Griffin missile for the U.S. Air Force.
The Defense Departmentsaid Wednesday the modification exercises an option under a previously awarded indefinite-delivery/indefinite quantity contract and brings the contract’s total cumulative value to $210 million.
Griffin is a precision-guided munition designed to engage targets with minimal collateral damage and integrate with ground, maritime and aerial platforms.
Worn under the exercised option will occur through Dec. 31, 2020, at a company facility in Arizona.
The Air Force will obligate $11.2 million at the time of award from its fiscal 2016 and fiscal 2018 procurement funds.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
Raytheon‘s (NYSE: RTN) missile systems business has received a $105.2 million contract modification to produce, test and engineer all variants of the Griffin missile for the U.S. Air Force.
