Raytheon Awarded $434M Sidewinder Block II Production Contract Modification

Raytheon (NYSE: RTN) has received a potential $434.4M contract modification to produce and deliver lot 18 AIM-9X Sidewinder Block II missiles for the U.S. Navy, U.S. Air Force and seven foreign military sales clients.

The modification covers the production of AIM-9X Block II all-up round tactical missiles, captive and special air training missiles, spare advanced optical target detectors and containers, live batteries and a spare propulsion steering section, the Department of Defense said Friday.

Work will occur through March 2021 in various locations in the U.S., Canada and Germany.

Naval Air Systems Command will obligate $321.6M at the time of award from the service branches™ missile and weapons procurement, research, development and test and evaluation funds for fiscal years 2017 and 2018 as well as FMS funds.

FMS customers to be supported under the contract modification are Australia, Israel, Netherlands, Norway, Qatar, South Korea and the United Arab Emirates.

AIM-9X is an infrared-tracking missile system that works to support surface-to-air, air-to-surface and air-to-air operations and is deployed by the Air Force and Navy on several aircraft such as F-15, F-16, F-35 and F-22.

AIM-9X Block II has an upgraded fuze and digital ignition safety device to provide in-flight safety and ground handling capabilities.

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