Author: Jay Clemens|| Date Published: August 25, 2016
BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia™s defense ministry for services in support of military projects there.
Defense Minister Christopher Pyne announced the contract extensions for the two companies during a trip to Australia’s New South Wales state, the ministry said Wednesday.
Pyne said BAE’s Australian subsidiary will support the Hawk Lead-In Fighter program at three air force bases across the country under an estimated $152.2 million contract that will employ at least 300 people.
The BAE-built Hawk jet is built as a training aircraft for the Classic Hornet, Super Hornet and F-35 fighter.
Pyne also announced Raytheon’s Australian subsidiary and its subcontractor partner Milskil were awarded an estimated $76.1 million contract extension to maintain the country’s Hornet, Super Hornet and Growler aircrew training simulator systems.
That extension also covers EA-18G “ Growler training support services, support to the Spiral Upgrade program and Force Generation services.
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BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia™s defense ministry for services in support of military projects there.
